FNFV To Distribute Shares Of J. Alexander's Stock Tax-Free To FNFV Shareholders

(RTTNews) - Fidelity National Financial Inc. said that FNFV Group (FNFV), a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial Inc., intends to distribute shares of J. Alexander's Holdings, Inc. common stock to FNFV shareholders in a tax-free distribution.

FNFV expects there to be about 13.12 million shares of J. Alexander's common stock included in the distribution, or about 87.4% of the outstanding shares of J. Alexander's common stock. FNFV expects to have approximately 75.95 million shares of its common stock outstanding at the time of the distribution.

Under the distribution plan, FNFV shareholders will receive approximately 0.17271 shares of J. Alexander's common stock for each share of FNFV common stock that they own. The distribution is expected to be made on September 28, 2015, to FNFV shareholders as of the record date, which is expected to be at the close of business on September 22, 2015.

J. Alexander's is expected to begin trading on the NYSE on September 29, 2015, under the trading symbol "JAX".

No action or payment is required by FNFV stockholders in order to receive the shares of J. Alexander's common stock. Stockholders who hold FNFV common stock on the record date and through the distribution date will receive a book-entry account statement reflecting their ownership of J. Alexander's common stock or their brokerage account will be credited with the J. Alexander's shares.