ASR Investments Corp. announces third quarter dividend.TUCSON Tucson (t  `sŏn'), city (1990 pop. 405,390), seat of Pima co., SE Ariz.; inc. 1877. , Ariz.--(BUSINESS WIRE)--Sept. 7, 1995--ASR Investments Corp. (AMEX AMEXSee: American Stock Exchange :ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ) Thursday announced that the board of directors declared a $0.50 quarterly dividend payable on Sept. 30, 1995, to stockholders of record on Sept. 15, 1995. As previously announced, the company completed a one-for-five reverse stock split as of July 7, 1995. All stockholders of record should have received the shares exchange materials from Chemical Mellon Shareholders Services, the company's transfer agent. The company emphasizes that if a stockholder of record has not completed and returned the materials to Chemical Mellon, he needs to do so as soon as possible in order to receive the dividend on a timely basis; otherwise, the dividend will be withheld by Chemical Mellon until the new shares have been issued in exchange for the old shares. ASR Investments Corp. is a real estate investment trust that owns and operates apartment communities. It owns 24 apartment communities in the southwest United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. totaling 4,124 units including six communities owned through joint ventures. Its common stock trades on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol ASR. CONTACT: ASR Investments Corp., Tucson Joseph Chan, 520/748-2111 |
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