Bando McGlocklin Declares Special Cash Dividend and Stock Dividend.Business Editors PEWAUKEE, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--Dec. 21, 1999 Bando McGlocklin Capital Corporation (NASDAQ/NMS:BMCC BMCC bulk milk cell counts. ) today announced the declaration of a special cash dividend of $0.12 per share and a 10% stock dividend. Both dividends are payable January 31, 2000 to shareholders of record December 31, 1999. "The special dividend, combined with the $0.72 per share in regular quarterly dividends paid during 1999, brings the total cash dividend payment to $0.84 for the year. As a result of gains on sale of leased properties during 1999, approximately $0.205 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. will be reported as a capital gain and the remaining $0.635 cents per share will be reported as ordinary income on IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. Form 1099 sent to shareholders for tax purposes," said George R. Schonath, president and chief executive officer of Bando McGlocklin. "The 10% stock dividend was considered by the Board as a way to increase the liquidity of Bando McGlocklin's common stock and make it more attractive to new investors, although the Board also believes that continued growth in earnings per share is an indicator of Bando McGlocklin's future growth potential. 1999 will be a record year for Bando McGlocklin and its investment in Lee Middleton Original Dolls Dolls pedophobia, paedophobia an abnormal fear of dolls. planganologist a collector of dolls. , Inc., with net income reaching our previously announced estimate of $1.35 - $1.50 per share," Schonath said. "The special dividend in 1999 and the capital gains treatment of a portion of Bando McGlocklin's income highlights the dividend potential of leased properties," added Schonath. Bando McGlocklin has the option of either distributing capital gains to shareholders as a special cash dividend or retaining the capital gain and providing shareholders with a tax credit equal to the corporate tax paid. Bando McGlocklin also announced its quarterly dividend payment schedule for 2000. Regular quarterly dividends will be paid on February 15, May 15, August 15 and November 15, 2000, to shareholders of record on February 5, May 5, August 5 and November 5, 2000. Bando McGlocklin Capital Corporation owns Bando McGlocklin Small Business Lending Corporation and Lee Middleton Original Dolls, Inc. Bando McGlocklin Small Business Lending Corporation makes first mortgage loans and leases real estate to small business. Lee Middleton Original Dolls markets lifelike collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. baby dolls through major retailers and dealers nationwide. 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Bando McGlocklin Capital Corp. news releases are available on-line 24 hours a day at: http://www.businesswire.com/cnn/bmcc.htm |
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