The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.NEW YORK--(BUSINESS WIRE)--Sept. 2, 1997--Bear Stearns Finance LLC (Logical Link Control) See "LANs" under data link protocol.LLC - Logical Link Control , a Cayman Islands finance subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ), today announced the declaration of a regular monthly cash dividend on its outstanding shares of 8% Exchangeable Preferred Income Cumulative Shares ("EPICS"). Bear Stearns Finance LLC declared a cash dividend of 16 2/3 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on the outstanding shares of its 8% EPICS payable September 30, 1997 to shareholders of record on September 23, 1997. Bear Stearns Finance LLC is an exempted company with limited duration incorporated under the laws of the Cayman Islands, all of the common shares of which are owned directly and indirectly by The Bear Stearns Companies Inc. Bear Stearns Finance LLC exists solely to issue preferred and common shares and lend the proceeds therefrom to The Bear Stearns Companies Inc. The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $11.7 billion in total capital, Bear Stearns serves governments, corporations, institutions, and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, foreign exchange and futures sales and trading, asset management, and custody services. Through Bear, Stearns Securities Corp., it offers professional and correspondent clearing, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has over 8,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, and San Francisco; and international presence in Beijing, Buenos Aires, Dublin, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore, and Tokyo. CONTACT: The Bear Stearns Companies Inc., New York Maura Gaenzle, 212/272-4445 Ellen Glickman, 212/272-8188 |
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