Palomar Enterprises Sets Dividend Date and Details for The BlackHawk Fund
Shareholders of Record Will Receive Shares of The BlackHawk Fund for Each Share of Palomar Held
CARLSBAD, Calif., Dec 21, 2006 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA), announced today, that the dividend date for shareholders of record will be January 31st, 2007. Under the terms of the dividend, each shareholder of PLMA will receive shares of The BlackHawk Fund (OTC Bulletin Board: BHWF).
"This is the first of several planned dividends that will be paid to shareholders in 2007. Aside from The BlackHawk Fund, our new Real Estate Fund will also be paid out as a dividend later in 2007. In addition to these dividends, we will spin out businesses from each fund which will also have their own dividends paid out to shareholders" stated Palomar Enterprises. "Our plan is growth of shareholder and Company value through ownership of Palomar Enterprises. We will announce the details regarding our new Real Estate Fund early in January of 2007. We are very excited about the new direction of our business and expect a great deal of growth not only in revenues and profits, but also in acquisition of properties and the growth of our funds during 2007."
