Thomson Reuters (TSX/Nasdaq: TRI) is implementing a share consolidation, also known as a reverse stock split, as part of its previously announced return-of-capital plan. The transaction will become effective at 3:01 a.m. Toronto time on May 4, 2026, with the company’s shares expected to begin trading on a post-consolidation basis on both the Toronto Stock Exchange and Nasdaq when markets open that day. The trading symbol will remain “TRI.”
The return-of-capital transaction includes a special cash distribution of US$605 million in aggregate, equal to US$1.43 per common share for participating shareholders. The company also announced a share consolidation ratio of 1 pre-consolidation share for 0.98 post-consolidation shares, based on the volume-weighted average trading price of the shares on Nasdaq over the five trading days ending May 1, 2026.
Thomson Reuters said the share consolidation is proportional to the special cash distribution. Fractional shares will not be issued; instead, shareholders will receive the value of any fractional shares in cash, subject to exceptions described in the company’s management proxy circular.
The plan received shareholder approval at a special meeting on April 28, 2026. On April 30, 2026, the Ontario Superior Court of Justice issued a final order approving the plan of arrangement for the return-of-capital and share-consolidation transactions.
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