COMPARATIVE PER SHARE MARKET PRICE AND DIVIDEND INFORMATION
Shares of EMC are currently listed and principally traded on the NYSE under the symbol “EMC.” The following table sets forth, for the periods indicated, the high and low sales price per share of EMC common stock as reported on the NYSE, and the dividends declared during such periods. Denali common stock is not publicly traded. Denali has never declared or paid cash dividends on its common stock and does not expect to pay any cash dividends in the foreseeable future. In addition, Denali’s operations are conducted almost entirely through its subsidiaries and its ability to generate cash to make future dividend payments, if any, is highly dependent on the cash flows and the receipt of funds from its subsidiaries via dividends or intercompany loans. To the extent that Denali determines in the future to pay dividends on the DHI Group common stock or the Class V Common Stock, the terms of certain agreements governing Denali’s or its subsidiaries’ indebtedness, including the credit agreement governing the new revolving credit facility and any credit facilities of VMware, may significantly restrict the ability of Denali’s subsidiaries to pay dividends or otherwise transfer assets to Denali, as well as the ability of Denali to pay dividends to holders of its common stock. In addition, Delaware law may also impose requirements that may restrict Denali’s ability to pay dividends to holders of its common stock.
| EMC | High | Low | Dividends | |||||||||
| Fiscal year ending December 31, 2016 |
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| Second quarter (through June 3, 2016) |
$ | 27.98 | $ | 25.44 | — | |||||||
| First quarter |
$ | 26.83 | $ | 23.69 | $ | 0.115 | ||||||
| Fiscal year ended December 31, 2015 |
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| Fourth quarter |
$ | 28.77 | $ | 23.70 | $ | 0.115 | ||||||
| Third quarter |
$ | 28.00 | $ | 22.66 | $ | 0.115 | ||||||
| Second quarter |
$ | 27.73 | $ | 25.22 | $ | 0.115 | ||||||
| First quarter |
$ | 30.05 | $ | 25.07 | $ | 0.115 | ||||||
| Fiscal year ended December 31, 2014 |
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| Fourth quarter |
$ | 30.92 | $ | 26.11 | $ | 0.115 | ||||||
| Third quarter |
$ | 30.18 | $ | 26.34 | $ | 0.115 | ||||||
| Second quarter |
$ | 28.10 | $ | 24.92 | $ | 0.115 | ||||||
| First quarter |
$ | 28.26 | $ | 23.47 | $ | 0.100 | ||||||
The following table sets forth the closing price of EMC common stock on October 9, 2015, the last trading date prior to the public announcement of the transaction, and on June 3, 2016, the most recent practicable trading day prior to the date of this proxy statement/prospectus. The market prices of EMC common stock will likely fluctuate between the date of this proxy statement/prospectus and the time of the special meeting and the completion of the merger.
| EMC Common Stock |
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| October 9, 2015 |
$ | 27.86 | ||
| June 3, 2016 |
$ | 27.91 | ||
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