Investor Presentaiton
Capital Return Program Delivered Attractive Capital Returns to Shareholders
Since inception, the Company has returned over $265 million of capital back to
shareholders
(1)
•
Share Repurchases
Completed modified dutch auction tender offer in
the third quarter of 2019 and repurchased 2.5
million shares for cash at a price of $29.50 per
share for an aggregate purchase price of $74
million
During the second half of 2019, the Company
repurchased a total of 9.1 million shares, or 22%
of the total shares outstanding as of June 30, 2019
Repurchased approximately 1.6 million shares of
common stock under the capital return program
during the first quarter of 2020.
Quarterly Dividend
Targeted at approximately 1% annual yield (¹)
Dividends of $0.10 per share were declared and
paid for the second and third quarters of 2019
Returned approximately $7.5 million to
shareholders during 2019
Q4 cash dividend declared on February 24, 2020 -
$0.10 per share
TRWH
(1) As a result of the previously announced amendment to TRWH's Credit Facility to provide financial covenant relief, the Company has
suspended future dividend payments and share repurchases.
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