Hollywood Media Corp. provided an update to clarify the treatment of the special $0.45 per share cash distribution to shareholders that it announced on January 16, 2018. Because the distribution is in excess of 25% of the company’s current share price, per FINRA guidelines the right to receive the distribution will continue to trade with Hollywood Media’s common stock until the pay date, which is March 29, 2018. As a result, the distribution record date is also March 23, 2018. Further, the ex-dividend date for the special distribution will be April 2, 2018, one business day after the special distribution pay date.