BGC spun-off its former subsidiary Newmark Group, Inc. (Nasdaq:NMRK) (“Newmark”), effective as of November 30, 2018. Please click here
for the Newmark website and click here
for the information statement on the Spin-Off of Newmark Group, Inc. by BGC Partners, Inc. through the Distribution of Newmark Group, Inc. Common Stock. The Spin-Off is intended to qualify as generally tax free to BGC stockholders for U.S. federal income tax purposes. Stockholders of BGC Partners Class A common stock received 0.463895 of a share of Newmark Class A common stock in the Distribution for every one share of BGC Partners Class A common stock held.