Bergstrom Capital Corporation Announcement.Business Editors SEATTLE--(BUSINESS WIRE)--Jan. 29, 2003 On January 16, 2003, Bergstrom Capital Corporation (AMEX AMEX See: American Stock Exchange :BEM BEM British Empire Medal ) (the "Company") reported that the Company's remaining equity positions would be sold in anticipation of the Company's 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 . As of January 29, 2003 the value of the Company's holdings in cash equivalents and other short-term investments has increased to 100% of the Company's total investments. The Company's net asset value per share as of the close of business on January 29, 2003 was $123.06. A proposal to liquidate the Company will be submitted to stockholders for their approval at a meeting of the Company's stockholders currently scheduled to be held in April 2003. Proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other describing the plan of liquidation will be mailed to stockholders in advance of the meeting. A vote of two-thirds of the outstanding shares in favor of the liquidation is required. The Company is a closed-end, non-diversified investment company whose principal investment objective was long-term capital appreciation, primarily through investment in equity securities. The Company's shares are traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol BEM. For further information, contact William L. McQueen, President of the Company, at 206/676-1148. |
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