Distribution In Kind

A distribution made in the form of stock rather than cash.

Also referred to as a "distribution in specie".

Investopedia Says:
This type of distribution occurs when cash is not readily available or allocating stock is the better alternative. An example would be a stock dividend.

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Find out how a company can put its profits directly into your hands. How Dividends Work For Investors

Transfer of property other than money. For example, if a corporation distributes an automobile to a shareholder, a distribution in kind has occurred.