Allied Capital Lending Corp. Declares Quarterly Dividend of 32 Cents Per Share.WASHINGTON--(BUSINESS WIRE)--Nov. 4, 1997--The board of directors of Allied Capital Lending Capital lending is the process of a large company, or corporation, offering financing on large "ticket" items to encourage the customer to purchase that item. Many major corporations have set up finance divisions, or subsidiaries, to help the customer purchase their product over Corp. (ALCL ALCL Anaplastic Large Cell Lymphoma ALCL Assembly Line Communications Link ) declared the company's fourth quarter dividend in the amount of 32 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The company has paid regular quarterly cash dividends every quarter and an annual extra dividend every year since 1993. The company is currently soliciting stockholder votes to approve a merger of the company with Allied Capital Corp., Allied Capital Corp. II, Allied Capital Commercial Corp., and Allied Capital Advisers Inc. If the merger is approved by the merging companies' stockholders at a special meeting scheduled for Nov. 26, 1997, it is anticipated that the merger would be effective on Dec. 31, 1997. -0- The quarterly dividend is payable as follows: Amount: 32 cents per share Ex-dividend Date: Dec. 10, 1997 Record Date: Dec. 12, 1997 Payable Date: Dec. 29, 1997 -0- Allied Capital Lending Corp. is a publicly traded business development company, headquartered in Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , DC, traded on the Nasdaq National Market, symbol ALCL. The company is engaged in making loans of up to $2 million to small, private businesses primarily through Small Business Administration (SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government ) loan programs. The company paid a total of $1.30 per share for the year ended Dec. 31, 1996, $1.22 per share for the year ended Dec. 31, 1995, and a total of $1.08 per share for the year ended Dec. 31, 1994. There are 5,206,706 total shares outstanding. For additional information, please contact Allied Capital's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/973-6326, via fax at 202/659-2053, receive press releases and other information through our News-On-Demand fax service at 888/329-5519, or visit our world wide web site at www.alliedcapital.com . CONTACT: Allied Capital, Washington Suzanne Suzanne is a common female given name that was particularly popular in the United States in the 1950s and 1960s. It remained in the top 200 most popular names in the United States between 1930 and the late 1980s. Sparrow, 202/973-6326 |
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