Bergstrom Capital Corporation Announces...Business Editors SEATTLE--(BUSINESS WIRE)--March 15, 2002 Bergstrom Capital Corporation (the "Company") (AMEX AMEX See: American Stock Exchange :BEM BEM British Empire Medal ) announced today that its Board of Directors has engaged a financial consultant, Lipper Consulting Services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , Inc., to assist it in seeking a tax-free merger or other business combination with a larger registered investment company. Any such combination would require a two-thirds vote of the stockholders. The Board of Directors has decided to take this action in view of the relatively small size of the Company and the increasing expense and effort required to operate it. In addition, members of the Board, including the Chairman and the President of the Company, have indicated their desire to pursue other interests. If an appropriate combination cannot be achieved, the Board will consider other alternatives, including 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. The Company is a closed-end, non-diversified investment company whose principal investment objective is 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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