Calico Commerce, Inc. Announces $0.09 Second Cash Liquidating Dividend.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 7, 2004 Calico Commerce, Inc., announced today that on May 17, 2004 the Company will make a $0.09 per share second liquidating dividend Liquidating Dividend Payment by a firm to its owners from capital rather than from earnings. Notes: This isn't really a good thing. It would be preferable to have dividends come from earnings. to stockholders of record on August 26, 2003. Calico's first liquidating dividend of $0.46 was in December, 2003, bringing the total liquidating distributions to $0.55 per share. This second dividend represents the bulk of the remaining assets in the Company, and a small final distribution (if at all) is not expected until the end of 2004. The liquidating dividend is being made pursuant to the terms of, and in accordance with, the joint Plan of Reorganization filed by Calico and its Official Committee of Equity Security Holders, and approved by order of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Northern District of California, San Jose Division, Case No. 01-56101-MSJ, entered on August 14, 2003, confirming the First Amended Joint Plan of Reorganization (Dated June 30, 2003) (the "Plan") filed by Calico Commerce, Inc. and the Official Committee of Equity Security Holders appointed in the case. Calico made the initial liquidating distribution on December 18, 2003 of $0.46 to each Calico stockholder of record as of August 26, 2003 (the "Record Date"), based upon 39,417,057 shares of Common Stock outstanding as of the Record Date. In this second liquidating distribution, the Company's stockholders of record at the close of business on the Record Date will receive $0.09 per share for each share of the Company's common stock that they owned. The Company's transfer agent, American Stock Transfer & Trust Company, will be the distribution agent for purposes of distributing this dividend. The distribution will be mailed to each stockholder (or, in certain circumstances, a confirmation of credit to the stockholder's brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. ) by the transfer agent on or about May 17, 2004. All stockholders must cash the checks sent to them in connection with this distribution within 6 months or the funds will be void and considered "unclaimed property" under the plan of reorganization. A negligible final distribution, if any, will be made after all disputed, contingent claims Contingent claim A claim that can be made only if one or more specified outcomes occur. have been resolved, which is not expected before the end of 2004. After final distribution of all remaining assets to creditors and equity holders in one or more distributions, and after entry of the final decree final decree n. another name for a final judgment. In states where there are interlocutory decrees of divorce (in the hope that a further wait may lead to reconciliation), followed several months later by the actual divorce, the second order is called a final decree, in the bankruptcy case, the Company expects to dissolve A Web site design technique borrowed from the film and video industry in which the transition between two Web pages is represented visually by one page fading into another. Also known as a "soft cut," the result is achieved in the HTML coding of the images to gradual pre-determined . |
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