Bando McGlocklin Declares Dividend; Completes Acquisition of Leased Properties Portfolio.PEWAUKEE, Wis.--(BUSINESS WIRE)--July 23, 1998--Bando McGlocklin Capital Corporation (NASDAQ/NMS:BMCC BMCC bulk milk cell counts. ) today announced that its directors have declared a regular quarterly dividend of $0.18 per share payable August 15, 1998, to shareholders of record August 5, 1998. In announcing the dividend, George R. Schonath, president and chief executive officer of Bando McGlocklin, commented, "We anticipate reporting earnings of $0.18 per share for the second quarter of 1998 from our real estate investment trust. These earnings, along with those of our consumer products businesses, will be included in our consolidated results which we expect to report within the next few weeks." The company also announced that on July 14, 1998, it completed the previously-announced acquisition of an $18.9 million leased properties portfolio through a merger with Bando McGlocklin Real Estate Investment Corporation (BMREIC), an independently owned and operated real estate investment trust. The portfolio consists of18 owner-occupied properties in the greater Milwaukee area that are leased to a variety of manufacturing and service businesses. Founded in 1980, Bando McGlocklin Capital Corporation (BMCC) owns 100% of Bando McGlocklin Small Business Lending Corporation (BMSBLC) and 99% of Bando McGlocklin Investment Corporation (BMIC BMIC British Music Information Centre BMIC Bangalore-Mysore Infrastructure Corridor (expressway between Bangalore and Mysore, Karnataka, India) BMIC Busmaster Interface Controller BMIC Bus Master Interface Chip ). BMSBLC leases "owner occupied "Owner occupied" may also refer to a housing cooperative Owner occupied is a classification of UK housing tenure as described by the Department for Communities and Local Government, a UK government department that has amongst its remit the monitoring of the UK housing stock. " type real estate to small business and purchases loan participations from commercial banks that specialize in financing small business. As a real estate investment trust, BMSBLC distributes at least 95% of its taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. to shareholders of BMCC as dividends. BMIC owns 100% of Lee Middleton Original Dolls, Inc. of Belpre, Ohio Belpre is a city in Washington County, Ohio, United States, along the Ohio River. It is a suburb of Parkersburg, West Virginia. The population was 6,660 at the 2000 census. The city was also the second settlement of the Northwest Territory after Marietta, Ohio. , and 51% of License Products, Inc. of New Berlin, Wisconsin New Berlin is a city in Waukesha County, Wisconsin, United States. The population was 38,220 at the 2000 census. The city was named for New Berlin, New York. There being five other New Berlin's in the United States, New Berlin, Wisconsin is the largest New Berlin in population, . These subsidiaries manufacture collectible and licensed consumer products for distribution through major retailers as well as 1,800 dealers across the country. Certain matters discussed in this press release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " intended to qualify for the safe harbors 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. from liability established by 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. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "believes," "anticipates," "expects" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which are described in close proximity to such statements and which could cause actual results to differ materially from those currently anticipated. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
CONTACT: Bando McGlocklin
George R. Schonath, 414/523-4300
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