Trump transferred his shares in Trump Media to a revocable trust

Zhitong
2024.12.20 16:45

Former U.S. President Donald Trump has transferred his shares in Trump Media & Technology Group into a revocable trust. Securities filings show that Trump transferred 114.75 million shares, which represents 53% of the total shares issued by Trump Media & Technology Group, to the revocable trust, of which he is the sole beneficiary. Based on the company's last closing price of $35.41 per share, the value of his holdings exceeds $4 billion. Trump stated in November that he had no intention of selling his shares in the company, which owns the Truth social media platform. Securities filings indicate that Trump's eldest son, Donald Trump Jr., is the sole trustee of the trust and holds exclusive voting and investment rights over the securities. On Friday, the company's stock price fell by 4%, closing at $33.86

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