Bergstrom Capital Corporation Declares a Dividend.Business Editors SEATTLE--(BUSINESS WIRE)--May 7, 2001 The Board of Directors of Bergstrom Capital Corporation (AMEX AMEX See: American Stock Exchange :BEM BEM British Empire Medal ), a publicly traded investment company listed 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. (BEM), today declared a cash dividend of $11.25 per share payable June 11, 2001 to stockholders of record on May 17, 2001. The Company estimates that the sources of this dividend will be $.15 per share from net investment income and $11.10 per share from net realized long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. . The Company's distribution policy, which was adopted by the Board of Directors on May 12, 1997, provides for an annual distribution to the Company's stockholders, during the month of June each year, of a cash dividend at the rate of a minimum of 6 percent of the Company's net asset value per share as calculated on the last business day in March of that year. The Board of Directors may modify or terminate the distribution policy at any time at its discretion. |
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