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NYLD Stock Split FAQ

  • On what date did the NYLD stock split become effective?
    • The split was effective after market close on May 14, 2015.  The “split” refers to the creation of Class C (held by the public) and Class D (held by NRG) Shares.
  • What is the “ex date” of the event?
    • Since this was not a dividend, there is no “ex date.”  This is structured as a stock split, which was effective after market closes on May 14, 2015.  The new Class C common stock began trading on the NYSE at the open of business on May 15, 2015.  The ticker “NYLD.A” now represents Class A shares while “NYLD” represents Class C shares.
  • Will Class A shares and Class C shares have the same value/ price once actively traded on the exchange?
    • No, shares will trade independently following open on May 15, 2015.
  • What is the par value of Class C and Class A common stock of NRG Yield Inc.?
    • Par value for both is $0.01.
  • Where can I find historical NYLD share data pre-split?
    • As Class A shares were the actively traded NYLD public shares prior to the stock split, historical data can be found under the NYLD.A ticker symbol.
  • Is the stock split a taxable event for NYLD Class A stockholders?
    • No, this is not a taxable event for NYLD holders
  • Do Class A and Class C shares receive the same per share dividend?
    • Yes.  The holders of Class A common stock and Class C common stock will share ratably in all dividends as may be declared by our Board in respect of our outstanding common stock.
  • What is the impact to the conversion rate under the 2019 Convertible Notes?
    • In connection with the stock split, NRG Yield announced an adjustment to the conversion rate of its 3.50% Convertible Senior Notes due 2019 (the “Notes”). The new conversion rate is 42.9644 shares of Class A common stock per $1,000 principal amount of Notes, and was effective immediately after the opening of business on May 15, 2015. The initial conversion rate was adjusted pursuant to Section 11.05(c)(i) of the indenture governing the Notes and effectively doubled to reflect the split. Notice of the conversion rate adjustment has been delivered to the holders of the Notes.
  • Where can I find additional information regarding the NYLD stock split?
    • Please refer to the SEC Filings and Press Release sections of the NYLD Investor site.
  • Will NYLD be publishing Form 8937 to guide on cost basis?
    • Yes. IRS Form 8937 and the attachment to Form 8937 can be found here.
 
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