MSG Knicks Completes Spin-Off of New York Rangers Business
MSG Knickerbockers Corp. completed the spin-off of its New York Rangers business and changed its name from Madison Square Garden Sports Corp., with MSGK beginning trading under the new ticker on the NYSE. Stockholders of record as of October 20 received one share of MSG Rangers Corp. (MSGR) for every two shares held, in a distribution structured as tax-free for U.S.
Key figures
- Record date
- 2026-10-20
- Distribution ratio
- 1 share of MSG Rangers Class A or B common stock for every 2 shares of MSG Knicks Class A or B common stock
- Distribution completed
- 11:59 p.m. ET on October 26, 2026
AI analysis
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