Laureate Education Announces Special Cash Distribution Of $0.83/share

MIAMI, Sept. 14, 2022 /PRNewswire/ — Laureate Education, Inc. (NASDAQ:LAUR) (the “Company”) today announced that its board of directors approved, pursuant to the previously announced adoption of a plan of partial liquidation (the “Plan”) related to the distribution of net proceeds from the Company’s sale of Walden e-Learning LLC (the “Sale”), the payment of a special cash distribution (the “Distribution”) equal to $0.83 per each share of the Company’s Common Stock, par value $0.004 per share, to each holder of record on September 28, 2022.  The Distribution is scheduled to be paid on October 12, 2022.  Based on the current number of shares outstanding, the aggregate amount of the Distribution is expected to be approximately $137 million.