Arizona Land Income Corp. Declares a Regular Quarterly Dividend.PHOENIX -- Arizona Land Income Corp. (AMEX AMEX See: American Stock Exchange : AZL AZL Automated Zone List ), an independent real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), today declared a regular quarterly dividend. The regular quarterly dividend of $.10 per share will be payable April 15, 2005 to shareholders of record April 1, 2005. About AZL Arizona Land Income Corp. is a real estate investment trust (REIT) formed in 1988 primarily for the purpose of making loans secured by unimproved property in Arizona. For the past several years, AZL has been liquidating its loan and land holdings and returning capital to shareholders through regular and special dividends. During 2004, AZL distributed $1.40 per share of which $1.37 was return of capital. On a cumulative basis, as of Dec. 31, 2004, AZL has distributed $7.91 of liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy proceeds per share as return of capital. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Important factors that may cause a difference between projected and actual results for the company are discussed in the company's filings from time to time with the U.S. Securities and Exchange Commission, including but not limited to the company's annual reports on Form 10-KSB, subsequent quarterly filings on Form 10-QSB and current reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. . The company disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf. |
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