Having emerged from bankruptcy in November, Florida-based supermarket group Winn-Dixie Stores has made the initial distribution of its new common stock.
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The new shares are being issued to pre-petition unsecured creditors who are entitled to receive the stock under Winn-Dixie’s Plan of Reorganisation.
The new common stock is to be traded on the NASDAQ Global Market under the symbol WINNV, and the retailer, which operates 522 stores in Florida, Alabama, Louisiana, Georgia, and Mississippi, said it expects trading to begin shortly.
American Stock Transfer & Trust Company is the transfer agent for the new stock.
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