AmVestors Financial Corp. and Financial Benefit Group set date for special meetings of stockholders.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--March 4, 1996--AmVestors Financial Corp. ("AmVestors") and Financial Benefit Group Inc. ("FBG FBG Fiber Bragg Gratings FBG Fasting Blood Glucose FBG Functional Brain-Gut Research Group FBG Florida Brewer's Guild FBG Fluidized Bed Generator FBG Flavor Blasted Goldfish (gaming) FBG Forum Battle Group ") Monday announced that in connection with the previously announced proposed merger transaction between the companies, they have set March 5, 1996, as the record date for their respective Special Meetings of Stockholders to be held on Monday, April 8, 1996. The purpose of the Special Meetings is to seek stockholder approval of the merger of FBG with and into AmVestors. AmVestors and FBG stockholders of record as of March 5, 1996 will be entitled to vote at the respective Special Meetings. In a related development, on Feb. 29, 1996, the Securities and Exchange Commission declared effective AmVestors' Registration Statement on Form S-4 filed in connection with the proposed merger. This clears the way for AmVestors and FBG to mail their proxy statements Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. for the April 8 Special Meetings. It is anticipated that the proxy statements will be mailed on or about March 5, 1996. AmVestors Financial Corp. markets individual annuities and life insurance products nationwide to the savings and retirement markets through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , American Investors Life Insurance Co. Inc. American Investors Life is licensed in 47 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Financial Benefit Group Inc. is an insurance holding company located in Boca Raton, and owns all of the shares of Financial Benefit Life Insurance Co., a Florida insurer which specializes in the sale and underwriting of annuity products and is admitted in 41 jurisdictions, which includes 39 states, the District of Columbia and the U.S. Virgin Islands. The company also owns all of the shares of Annuity International Marketing Corp. and The Insurancemart Inc., both of which specialize in the distribution and marketing of annuities. AmVestors' common stock trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AMV AMV Anime Music Video AMV Avian Myeloblastosis Virus AMV Alfalfa Mosaic Virus AMV Army Motor Vehicle AMV Assisted Mechanical Ventilation AMV Armored Maintenance Vehicle AMV Accredited Meter Verifier AMV Annulus Master Valve . Financial Benefit Group Inc.'s Class A common stock trades in the Nasdaq National Market under the symbol FBGIA. CONTACT: AmVestors Financial Corp., Topeka, Kan. Ralph W. Laster Jr. or Mark V. Heitz, 913/295-4406 or Financial Benefit Group Inc., Boca Raton Frank T. Crohn or Donna J. Rubertone, 407/394-9400 |
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