Subsequent Events

12 Months Ended

Sep. 30, 2020

Subsequent Events

Subsequent Events

19. Subsequent Events

On December 10, 2020, the Company’s Board of Directors declared a special cash dividend in the amount of $0.50 per share, payable on or about December 30, 2020 to shareholders of record as of the close of business on December 21, 2020. The total dividend payment is estimated to be approximately $8.6 million. Factoring in the payment of this dividend, the estimated tax characteristic of both this dividend per share and the Company’s earlier $0.65 per share special cash dividend which was payable on October 1, 2020 is 20% ordinary income and 80% return of capital.

The declaration and payment of any dividend in the future will be at the discretion of the Company’s Board of Directors.