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USFG (fka KBK Capital) began deferring dividend payments

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Enterprising Investor Member Level  Wednesday, 04/03/19 08:16:23 PM
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USFG (fka KBK Capital) began deferring dividend payments in July 2004.

The indenture agreement permitted payment deferral through September 2009.

Subsequently, USFG obtained forbearance agreements from certain shareholders further extending the deferral of dividend payments through 3/31/20.

In consideration of the forbearance, these stockholders' dividends accrue an additional 1.50 percent on the sum of the liquidation value, plus any unpaid dividends from 11/30/09 through 3/31/20.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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