Fox Corporation Announces Payment Of Dividend To Twenty-First Century Fox, Inc. And Receipt Of Cash Payment From Disney; Determination And Payment Of Transaction Taxes; And Investor Conference On May 9
The transaction tax included a prepayment of the Company's share of the estimated tax liabilities resulting from the anticipated divestitures by
As a result of the separation and the distribution, the Company obtained a tax basis in its assets equal to their respective fair market values. This will result in estimated annual tax deductions of approximately
The Company will hold an investor conference on
Caution Concerning Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to (i) potential future adjustments to the Company's share of estimated tax liabilities and (ii) estimates of the Company's annual tax deductions and reductions in the Company's annual cash tax liability and potential revisions to such estimates. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook" and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, the risk that such estimated amounts may be adjusted or revised, which may negatively impact the Company's business, financial condition and results of operations, risks relating to the separation of the Company from 21CF and the distribution and the other risks and uncertainties discussed in the documents the Company has filed with or furnished to the
Statements in this news release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this news release or to report any events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law.