General Electric plans to complete a spin-off on April 2, 2024. All holders of GE will receive 1 share of GE Vernova (GEV) for every 4 GE shares held at the close of trading on April 1, 2024.

This will affect all GE shareholders. Due to this spin off, scheduled orders for GE will not be accepted between market close on April 1, 2024 and market open on April 2, 2024.

How will this impact my holdings?

Your total number of GE shares will remain unchanged and you will receive 1 share of GEV for every 4 GE shares held.

This may lower the price of each GE share as a portion of GE’s value will transfer to the new company’s stock, GEV.

Immediately after the spin-off is issued, your combined positions in GE and GEV will have a similar value to your original GE position.

For example: If you have 20 shares of GE stock, during this spin-off, General Electric will grant you 5 GEV shares.

You will have 20 shares of GE and 5 shares of GEV, which combined will have a similar value to your original 20 GE shares.

Note: Market fluctuations unrelated to the spin-off may impact the value of these two positions during this time period.

How can I calculate the number of shares I will own?

To calculate the number of GE Vernova shares that you will own after the spin-off, follow the math below.

General Electric shares previously owned x 1/4 = New amount of GE Vernova shares you will receive.

For example:

Before the spin-off you owned 40 shares of General Electric.
Use the equation above (40 previously owned shares x 1/4)
You now own 10 shares of GE Vernova and continue to own your original position of 40 shares of General Electric.

Note: General Electric’s historical graphs will be updated to take the spin off into account.
If you have more questions regarding this spin-off and how it may affect shares you’re holding, please refer to General Electric’s Investor Relations website.

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