Bergstrom Capital Corporation Announces Final Liquidating Distribution.Business Editors SEATTLE--(BUSINESS WIRE)--May 21, 2003 Bergstrom Berg·strom , Sune Karl 1916-2004. Swedish biochemist and physician. He shared a 1982 Nobel Prize for research into the chemical structure of prostaglandins. Capital Corporation (the "Company") announced today that the Board of Directors of the Company has declared a final cash liquidating distribution in the amount of $.18 per share payable June 6, 2003 to stockholders of record on June 2, 2003. The entire amount of the distribution will be classified for tax purposes as a liquidating distribution. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. for the distribution is scheduled to be June 9, 2003. The Company's stockholders approved the 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 of the Company at a special meeting of stockholders held on April 4, 2003. The Company paid an initial cash liquidating distribution of $122.75 per share on April 11, 2003. Trading in the Company's shares 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. was suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. as of the close of business on April 30, 2003. The stock transfer books of the Company will be permanently closed on June 2, 2003 to facilitate the final distribution. The final distribution represents all assets left after payment of the Company's remaining liabilities and expenses. Following payment of the final distribution, all outstanding shares of the Company will be cancelled. The Company is a closed-end, non-diversified investment company whose principal investment objective was long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. capital appreciation, primarily through investment in equity securities. For further information, contact William L. McQueen, President of the Company, at (206) 676-1148. |
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