B.C. Pacific Capital Corporation Announces Special Dividend.TORONTO -- BC Pacific Capital Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPQ BPQ Bibliothèques Publiques du Québec (French) BPQ Breathing Problems Questionnaire BPQ Buying Power Quota BPQ Behavioral Pediatrics Questionnaire BPQ Behavior Prediction Questionnaire BPQ Body Perception Questionnaire .SV.A) (TSX VENTURE:BPQ.B) announced today that it has declared a special dividend of $0.60 per Class A Subordinate Voting Share and Class B Common Share. In accordance with the participation terms of the Class AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. Series 2, a dividend of $28.00 per preferred share has also been declared. The total divided payment will be $91,640,348 which comprises the majority of the gain realized on the Sale of the Company's interest in Northgate Minerals Limited in late 2003. After the payment of the dividend the Company will continue to have adequate liquidity to continue to undertake merchant banking and investment opportunities should they arise. The dividend will be payable on December 30, 2004 to shareholders of record on December 21, 2004. B.C. Pacific Capital Corporation is a British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography based financial and investment corporation providing mezzanine bridge loans and management services to corporations encountering financial difficulties, requiring merger and acquisition advice or operational evaluations. B.C. Pacific also uses its own capital to invest in undervalued companies undervalued company A firm whose assets and potential earning power are not adequately reflected in its stock price. Although such firms are more likely to be subject to takeover attempts than others, determining whether a particular firm is actually and assets, primarily in the natural resources, real estate and financial service areas, where management initiatives can enhance longer term prospects. This news release contains forward-looking statements concerning the company's business and operations. The company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the company's actual results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors. BC Pacific Capital Corporation (TSX VENTURE:BPQ.SV.A) (TSX VENTURE:BPQ.B) |
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