MSG Rangers Corp. (NYSE: MSGR) (the “Company” or “MSG Rangers”) announced that it has completed its spin-off from MSG Knickerbockers Corp. (NYSE: MSGK) (“MSG Knicks”), formerly Madison Square Garden Sports Corp., and will begin trading today on the NYSE under the ticker symbol “MSGR.”
The spin-off distribution was completed at 11:59 p.m. ET on October 26, 2026 to stockholders of record of MSG Knicks as of the close of business on October 20, 2026. Each of MSG Knicks’ stockholders received a distribution of one share of the new MSG Rangers Class A or Class B common stock for every two shares of MSG Knicks’ Class A or Class B common stock, respectively, held as of the record date, representing all the outstanding shares of MSG Rangers.
No action or payment was required by MSG Knicks stockholders to receive the new MSG Rangers shares. Stockholders who held MSG Knicks’ common stock as of the record date will receive a book-entry account statement reflecting their ownership of the new MSG Rangers shares or their brokerage account will be credited with the new MSG Rangers shares.
The spin-off has been structured to qualify as a tax-free distribution to MSG Knicks’ stockholders and MSG Knicks for U.S. federal income tax purposes. MSG Knicks stockholders are urged to consult with their tax advisors with respect to the U.S. federal, state, local and foreign tax consequences of the spin-off.
About MSG Rangers Corp.
MSG Rangers Corp. is a leading professional sports company that owns and operates the New York Rangers (NHL) as well as a development league team, the Hartford Wolf Pack (AHL). As an “Original Six” franchise of the NHL, the Rangers have a storied history that includes four Stanley Cup Championships. In addition, the Company operates a professional sports team performance center, the MSG Training Center, in Greenburgh, NY. More information is available at msgrangers.com.
Forward-Looking Statements
This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industry in which it operates, and the factors described in the Company’s filings with the Securities and Exchange Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.
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