Capital Growth Holdings declares $.225 annual dividend on its Common Stock.GREENWICH, Conn.--(BUSINESS WIRE)--June 23, 1997--Capital Growth Holdings, Ltd. (the "Company") announced today that its board of directors declared a $.225 annual per share dividend on shares of its Common Stock for each of 1997 and 1998. The first dividend payment is anticipated to occur as soon as practicable practicable adj. when something can be done or performed. after June 30, 1997 to shareholders of record on June 30, 1997 for the first six months of 1997. Thereafter, the dividend is anticipated to be paid on a quarterly basis. Ronald B. Koenig, chairman of the board of directors stated that "Management's goal is to generate a substantial return on investment for its shareholders from both current income and capital appreciation. The dividend is the first step in implementing this goal." The company also announced that the company's Common Stock has been listed on the Nasdaq Stock Market's OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "CGHL CGHL Canadian Genealogy and History Links (website) ." Capital Growth Holdings, Ltd. is developing a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company pursuing world-wide business opportunities. The company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , International Capital Growth, Ltd., is an investment banking firm specializing in raising capital from global financial markets for companies demonstrating significant opportunities for growth. CONTACT: International Capital Growth, Greenwich Michael S. Jacobs, 203/861-7750 |
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