American Resources of Delaware Inc. announces payment date of dividends to Series 1993 8% Convertible Preferred Stock Shareholders.VERSAILLES, Ky.--(BUSINESS WIRE)--Jan. 15, 1997--The Board of Directors of American Resources of Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). , Inc., has declared a dividend of 8% per annum Per annum Yearly. for shareholders of ARI's Series 1993 8% Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". of record as of Jan. 15, 1997. The payment date shall be Jan. 22, 1997. Holders of record who own a share of Series 1993 8% Convertible Preferred Stock shall receive a semi-annual payment equal to $0.48 per share to be paid in shares of restricted Common Stock. For more information, Contact Chris Zafiroff with Corporate Relations Group, Inc., at 800-444-4980 or ARI's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 606/873-5455. CONTACT: American Resources of Delaware, Inc., Versailles Investor Relations Department, 606/873-5455 |
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