Sometimes a Corporation Pays a "Liquidating Dividend" to Shareholders >
So, you want to hold on to your shares.
Holding your shares, is like holding "Flood Insurance".
You don't know when, or if, a flood will happen....
and you don't know if, or when a "reverse merger", will be effected.....
and you don't know if, or when the company you own shares in, will pay out a liquidating dividend.
but, when a R/M, or, dividend pay-out happens, you will be glad you own shares,
just as you're glad you have flood insurance, when the hurricane floods your house.
________Corporation today announced that the Company paid a liquidating dividend of $0.07 per share on each outstanding share of the Company’s common stock on February 27,2009, payable to stockholders of record as of February 23, 2009. _____ made the payment to _______ Stock Transfer & Trust Company, who serves as the transfer agent and paying agent for the Company. _______ stockholders are reminded that it may take up to four weeks for their portion of the distribution to be credited to their brokerage accounts or to receive a check directly from the paying agent.
Effective as of February 23, 2009, ______ closed its stock transfer books and discontinued recording transfers of shares of its common stock, except for transfers by will, intestate succession or operation of law.
The liquidating dividend that has been paid represents a partial distribution of funds remaining at the Company, which filed Articles of Voluntary Dissolution on February 13, 2009. Pursuant to _______ law, the Company has established a reserve to pay wind down costs and other anticipated and unanticipated expenses. Although no assurances can be given, the Company hopes to make at least one additional liquidating distribution out of any remaining funds to the holders of record of its common stock as of February 23, 2009. Though the timing and amount of any future liquidating distribution or distributions are not yet known, the Company does not presently anticipate making a final liquidating distribution prior to February 2012. Company stockholders are reminded that in order to receive this final distribution, that they must notify ________ STOCK TRANSFER & TRUST COMPANY, of any future changes their mailing addresses.
AI
