MSG Rangers Becomes New Public Company
MSG Knicks (MSGK) completed the spin-off of MSG Rangers Corp., which began trading today on the NYSE under the symbol MSGR. Shareholders of record as of October 20 received one MSG Rangers Class A or Class B share for every two MSG Knicks shares held, with no action or payment required. The distribution was structured to be tax-free for U.S. federal income tax purposes.
Key figures
- Record date
- October 20, 2026
- Tax treatment
- tax-free distribution for U.S. federal income tax purposes
- Distribution ratio
- 1 share of MSG Rangers Class A or Class B common stock for every 2 shares of MSG Knicks held
- Distribution completed
- 11:59 p.m. ET October 26, 2026
AI analysis
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