What is the difference between ape and AMC shares?

The new APE units trade under the ticker “APE,” while the AMC common shares will continue to trade under “AMC.” Shares of AMC were down nearly 42% on Monday. The new APE units closed their first day of trading at $6 per share, offsetting most of the losses in the common stock.

What are the new ape units & how do they work?

The more complicated aspect of the new APE units is how they actually function. The APE units were issued as a special dividend to holders of AMC common stock with each share of AMC receiving one APE. The APEs have the same voting power and right to a dividend as AMC common shares.

What happened to ape shares on Monday?

The new APE units closed their first day of trading at $6 per share, offsetting most of the losses in the common stock. When adjusted for APE’s price at its first trade, shares of AMC were down 5.5% on Monday. Once the APE units are distributed, they are no longer linked to the AMC shares and can be bought or sold separately.

Is AMC's ape dividend taxable?

A document from AMC about the offering says that the APE dividend is not expected to be a taxable event for U.S. investors. However, investors who own partial shares of AMC may receive a small cash portion instead of fractional APE units, which could be taxable.