SavvyShares distributes its first dividend payment to members
SAN DIEGO, July 30, 2021 SavvyShares LLC today announced it has declared a cash dividend of $0.10 per share available on August 16, 2021 to shareholders of record as of July 31, 2021.
SavvyShares is the only consumer survey panel owned exclusively by members who share their valuable opinions and data in exchange for shares in the company. By investing their data through survey opinions and digital behavior, members have the opportunity to receive dividends on their earned shares as opposed to a one-time payout like other panels.
“We are thrilled to offer a dividend to our members mid-way through our 2021 year,” said SavvyShares Founder, Roseanne Luth. “We are leveraging our 40 years of personal experience, expertise and relationships in the market research industry for this innovative model,” added Luth. “As consumers are becoming more leery of the data harvesting that is currently occurring through social media and other platforms, we believe SavvyShares offers them the control, compensation and privacy they deserve.”
Forward Looking Statements
The matters contained in the discussion above may be considered to be “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations or anticipations of SavvyShares LLC and its manager, SavvyShares PBC, and members of SavvyShare PBC’s management team. Factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the following: SavvyShares’ ability to attract and retain members; breaches of network security or the misappropriation or misuse of personal and health data; dependence on SavvyShares PBC for funding; the need to comply with complex and evolving U.S. and foreign laws and regulations; competition; dependence on SavvyShares PBC as manager of SavvyShares LLC, including dependence on key personnel of SavvyShares PBC; the ability of SavvyShares PBC to unilaterally change SavvyShares LLC’s operating agreement and management services agreement; potential for disruption from network outages; failure to maintain the integrity of systems and infrastructure; liabilities as a result of privacy regulations; failure by SavvyShares PBC to adequately protect intellectual property rights or allegations of infringement of intellectual property rights; the general non-transferability of shares and the lack of a trading market for the shares; uncertainty in the ability of SavvyShares LLC to earn sufficient revenue, after expenses, to have sufficient funds to pay future dividends to holders of shares; the discretion of SavvyShares PBC as to the declaration of dividends on the shares; lack of voting rights and other typical shareholder rights; potential adverse effects of SavvyShares PBC’s conflicts of interest, including those with Luth Research, LLC; and the limited recourse of SavvyShares LLC’s share holders against SavvyShares PBC for its actions as manager. These and additional factors to be considered are set forth under “Risk Factors” in SavvyShares LLC’s Offering Circular and in its other filings with the Securities and Exchange Commission. SavvyShares LLC undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results or expectations, except as otherwise required by law.