Effective August 12, 2021, the Board of Directors of the Carrols Restaurant Group, Inc. declared a special cash dividend of $0.41 per share on all of the issued and outstanding shares of the Company's common stock, including the Company's common stock issuable on the conversion of the Company's Series B Convertible Preferred Stock, which will be paid on October 5, 2021 to stockholders of record of the Company as of the close of business on August 25, 2021.