AMPAL-AMERICAN ISRAEL CORPORATION DECLARES DIVIDENDS ON PREFERRED SHARES.NEW YORK--Sept. 12, 1995--(BUSINESS WIRE)-- On September 11, 1995, the Board of Directors of Ampal-American Israel Corporation (AMEX AMEX See: American Stock Exchange :AIS.A) declared cash dividends, as follows: $0.325 per share on the 6 1/2% Cumulative Convertible Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMPLP) $0.20 per share on the 4% Cumulative Convertible Participating Preferred Stock Participating Preferred Stock A type of preferred stock that, under certain conditions, gives holders the right to receive earnings payouts over and above the specified dividend rate. Both dividends are payable on December 28, 1995 to shareholders of record as of November 16, 1995. Ampal and its subsidiaries acquire interests in the State of Israel or that are Israel-related. An important objective of Ampal is to make investments in companies which take advantage of growth in Israel's domestic economy. Ampal and its subsidiaries have diversified diversified (di·verˑ·s interests in the following sectors: hotels and leisure-time, real estate, energy distribution, basic industry, high technology and communications, as well as others. CONTACT: Lawrence Lefkowitz President (212) 782-2100 |
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