SOURCE: EVOLVING SYSTEMS

Evolving Systems

February 23, 2015 07:00 ET

Evolving Systems Revises Tax Treatment of 2014 Dividends

ENGLEWOOD, CO--(Marketwired - Feb 23, 2015) - Evolving Systems, Inc. (NASDAQ: EVOL), a leader in activation, enablement and management of services for connected mobile devices, today revised the tax treatment of its 2014 dividends.

The company paid four quarterly dividends during 2014 totaling approximately $5.0 million. Approximately 16%, or $0.8 million, of that total was treated as a non-dividend distribution, with the remaining $4.2 million treated as taxable dividends. The Company encourages holders of record to consult their tax advisor regarding tax treatment of any dividends received.

A breakdown of 2014 quarterly dividends is provided below:

             
Amount   Payment Date   Dividend   Non-Dividend Distribution
$0.10/share   March 31, 2014   100.0%   0.00%
$0.10/share   May 30, 2014   100.0%   0.00%
$0.11/share   August 29, 2014   100.0%   0.00%
$0.11/share   November 25, 2014   37.89401%   62.10599%
             

About Evolving Systems®

Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to over 60 network operators in more than 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of services for connected devices. Founded in 1985, the Company has headquarters in Englewood, CO, with offices in the United Kingdom, India and Malaysia. For more information please visit www.evolving.com or follow us on Twitter: http://twitter.com/EvolvingSystems

Contact Information

  • Contact:

    Jay Pfeiffer
    Pfeiffer High Investor Relations, Inc.
    303-393-7044
    Email Contact