TAL International Group, Inc. Announces Dividend.PURCHASE, N.Y. -- TAL International Group, Inc. (NYSE NYSE See: New York Stock Exchange : TAL), one of the world's largest lessors of intermodal freight containers and chassis, today announced a $0.30 per share quarterly cash dividend. At its regularly scheduled December meeting, TAL's Board of Directors has approved and declared a $0.30 per share quarterly cash dividend on its issued and outstanding common stock, payable on March 9, 2007 to shareholders of record at the close of business on February 23, 2007. Based on information available today, we believe the dividend will qualify as a return of capital rather than a taxable dividend for our shareholders. Investors should consult with a tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in to determine the proper tax treatment of this distribution. Brian Sondey, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "We are pleased to increase the size of the quarterly shareholder dividend. This increase reflects our previously announced intention to regularly evaluate the size of the dividend relative to our liquidity cushion Liquidity Cushion A reserve fund for a company or person containing money market and highly liquid investments. Notes: This is a cushion used by large and small investors. to ensure that we are returning an appropriate level of the cash generated by the company to our investors." About TAL International Group, Inc. TAL is one of the world's largest lessors of intermodal freight containers and chassis with 20 offices in 12 countries and approximately 190 third party container depot facilities in 41 countries. The Company's global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers. TAL's fleet consists of approximately 646,000 containers and related equipment representing approximately 1,044,000 twenty-foot equivalent units (TEU TEU Twenty-Foot Equivalent Units (intermodal shipping container) TEU Technical Escort Unit TEU Technical Escort Unit (Army) TEU Tactical Enforcement Unit TEU Treaty of European Union ). This places TAL among the world's largest independent lessors of intermodal containers and chassis as measured by fleet size. |
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