Gabelli & Company analyst Brett Harriss recently put together a report on the coming Madison Square Garden spinoff. In the report, Harriss provided a cheat sheet that details the operations of the two post-spinoff companies and discussed Gabelli’s take on Madison Square Garden as an investment.

What To Expect

The distribution of Madison Square Garden’s spinoff will take place on September 30, and investors will receive three shares of MSGN and one share of “new” MSG for every three shares of “old” MSG held. The record date for the spinoff was September 21.

Madison Square Garden Company

The company trading under the ticker MSG will be comprised…

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