The record date for shareholders to receive dividends in Metropolitan Dry Cleaners will be officially announced next week, however the target date is not to exceed 01/31/2017. Shareholders of EXAD will be entitled to receive one (1) share of Metropolitan Dry Cleaners for every one hundred (100) shares of EXAD they own on the official record date.
The owners of the Preferred A Series shares have waived their rights to receive any dividends, allowing more shares to flow to the Common shareholders.
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