• Madison Square Garden Sports will separate its New York Rangers business from its New York Knicks business in a spin-off.
• Transaction is expected to complete on Oct. 26, 2026, creating MSG Knickerbockers and a newly listed MSG Rangers.
• Stockholders of record on Oct. 20, 2026 will receive one MSG Rangers share for every two MSG Sports shares held.
• When-issued trading is expected to start Oct. 21, 2026 under MSGK WI and MSGR WI; regular-way trading starts Oct. 27.
• James L. Dolan will serve as executive chairman and CEO of MSG Rangers, retaining the same roles at MSG Knicks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Madison Square Garden Sports Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609301630BIZWIRE_USPR_____20260930_BW203347) on September 30, 2026, and is solely responsible for the information contained therein.