Printer Friendly
The Free Library
18,914,768 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

James Monroe Capital Authorizes Stock Dividend.


CHICAGO -- James Monroe Corporation (Pink Sheets:JMCP JMCP Journal of Managed Care Pharmacy
JMCP Joint Mission Capability Package
) has authorized a stock dividend of its restricted shares of Originally New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Inc. such that every holder of 2010 shares of the Company's issued and outstanding stock shall be entitled to receive 1 share of Originally New York, Inc. The record date of this dividend is December 12 and the pay date is December 27 of this year.

ONYI Chairman Taylor Moffitt said, "Chris McGovern and I will be leaving to focus on ONYI now, and we are bringing our JMCP shareholders with us. If you want to be in this party, the show's at ONYI. At some point in the future following the dividend, ONYI will be renamed 'James Monroe Capital Corporation.' This train's leaving, and we're all going to OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB town."

The dividend stock is unregistered and accordingly would be restricted. Restricted stock cannot be sold for a period of time, such as a year or two. This protects shareholder value. Following the holding period, restricted stock is also subject to selling limits proportionate to the size of the company. This also helps to protect share prices.

James Monroe Capital President Chris McGovern said, "We have our known broker list, and will follow the strictest procedures of accurate dividend practice."

Moffitt commented, "On a less positive note, with this dividend passing value up to shareholders, the soon-to-be-former JMCP will be losing some of its intrinsic value Intrinsic Value

1. The value of a company or an asset based on an underlying perception of the value.

2. For call options, this is the difference between the underlying stock's price and the strike price.
. It has a future that is uncertain. We will announce our plans for it after they have been determined. Overall this is an outstanding reason to give thanks: the dividend will make your net worth go up. However, if you have short-term investment intentions, you should use discretion. Also, shareholders should be advised that if they sell their stock before the execution date, which is yet to be determined by the NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
, they would not get the dividend. In that light, we hypothesize hy·poth·e·size  
v. hy·poth·e·sized, hy·poth·e·siz·ing, hy·poth·e·siz·es

v.tr.
To assert as a hypothesis.

v.intr.
To form a hypothesis.
 the trading volume Trading volume

The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares.
 to be short-term investors selling while long-term investors Long-term investor

A person who makes investments for a period of at least five years in order to finance his or her long-term goals.
 are buying. We're happy to gain long-term partners and accommodate the exit of the short-term market players. I hope all shareholders find us worthy of their continued partnership. I will continue to work diligently to care for OUR new company, ONYI. Happy Thanksgiving and God bless."

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 23, 2006
Words:545
Previous Article:The Mills Completes Restructured Transaction with KanAm and Colony Capital to Finance Meadowlands Xanadu.
Next Article:Gain Insights Into Asia Pacific Markets With In-Depth Focus On Major Market Trends, Opportunities, Challenges, And Competitive Landscape.
Topics:



Related Articles
Federal Court Strikes Down Louisiana School Prayer Law.(Brief Article)
James E. Kelly. (Management Personnel).(The Kimball Group, Inc.)(Brief Article)
James Monroe Bancorp Announces Stock Split.
Principal's $250m stock buyback.(FINANCE)(Brief Article)
CenturyTel Announces $1 Billion Stock Repurchase Program; Increases Cash Dividend 4.2 Percent.
Halliburton Annual Meeting of Stockholders and Dividend Declaration; Announces Record Date for 2:1 Stock Split.
James Monroe Capital Pursuing $16 Million Stock Dividend.
James Monroe Capital Dividend Update.
First Financial Fund, Inc. Paid Stock Dividend.
RCN Announces Successful Completion of Recapitalization, Declares Special Cash Dividend and Authorizes Common Stock Repurchase Program.

Terms of use | Copyright © 2010 Farlex, Inc. | Feedback | For webmasters | Submit articles