CORRECTING and REPLACING Loews Corporation Announces Quarterly Dividend on Carolina Group Stock.Business Editors CORRECTION...by Loews The name Loews can refer to several articles in the Wikipedia:
NEW YORK--(BUSINESS WIRE)--May 11, 2004 In BW5921 issued May 11, 2004: Second graph should read: The Company also stated that concurrently with the declaration of the dividend on Carolina Carolina (kärōlē`nä), city (1990 pop. 177,806), Puerto Rico. Located 7 mi (11 km) SE of San Juan, it is a residential suburb of the capital, as well as a commercial and industrial center. Group stock, approximately $17,911,000 has been applied from funds available in the Carolina Group to reduce the principal amount of the notional no·tion·al adj. 1. Of, containing, or being a notion; mental or imaginary. 2. Speculative or theoretical. 3. intercompany debt of Carolina Group to Loews Group, thereby bringing the principal amount of such debt to approximately $1,980,409,000. (sted approximately $33,815,000 and $1,998,320,000). The corrected release reads: LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON CAROLINA GROUP STOCK Loews Corporation (NYSE NYSE See: New York Stock Exchange :LTR LTR - Langage Temps-Réel. (French for "real-time language") A French predecessor to Ada, LTR is Modula-like with a set of special-purpose real-time constructs based on an event model. It was mentioned in the reference below. ["An Overview of Ada", J.G.P. ;CG) announced today the declaration of a quarterly dividend on its Carolina Group stock, in the amount of $0.455 per share, payable June June: see month. 14, 2004 to shareholders of record as of June 1, 2004. The Company also stated that concurrently with the declaration of the dividend on Carolina Group stock, approximately $17,911,000 has been applied from funds available in the Carolina Group to reduce the principal amount of the notional intercompany debt of Carolina Group to Loews Group, thereby bringing the principal amount of such debt to approximately $1,980,409,000. The Carolina Group stock, commonly called a tracking stock, is intended to reflect the economic performance of a defined group of assets and liabilities of the Company, referred to as the Carolina Group. The principal asset attributed to the Carolina Group is the Company's stock in its wholly-owned subsidiary Lorillard, Inc. The Carolina Group is a notional group intended to reflect the performance of a defined set of assets and liabilities. The Carolina Group is not a separate legal entity. |
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