Citizens Inc. Declares Stock Dividend.Business Editors & Insurance Writers AUSTIN, Texas--(BUSINESS WIRE)--March 27, 2002 Citizens Inc. (AMEX AMEX See: American Stock Exchange :CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). ), announces the declaration of a 15% stock dividend payable June 1, 2002, to holders of record as of May 1, 2002. The dividend will result in the issuance of approximately 3.8 million shares of the Company's Class A common stock. About Citizens Inc. Citizens Inc. is a financial services 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. under the symbol CIA. Its growth strategy is to achieve $1 billion in assets, $250 million in revenues and $10 billion of life insurance in force by 2010 targeting the sale of U.S. dollar whole life insurance policies in the United States, as well as world-wide, and through the acquisition of other life insurance companies. Citizens is included in the Russell 2000(R) Index, which measures the performance of the largest companies in the U.S. stock market, based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Citizens' stock closed at $10.77 on March 26, 2002. Additional information is available at the Company's Web site: www.citizensinc.com. Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which can be identified by words such as "may," "will," "expect," "anticipate" or "continue" or comparable words. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of the Company, particularly its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2000, for the meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management. |
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