Z-Seven Fund, Inc. Declares a Dividend, Authorizes Filing of Open-End Registration Statement.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 -- On December 15, 2006, the Board of Directors of Z-Seven Fund, Inc. declared from net investment income for the year ending December 31, 2006, a cash dividend of $0.0475 per share of common stock, payable on December 29, 2006 to shareholders of record at the close of business on December 26, 2006. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is December 22, 2006. Also on December 15, 2005, the Board of Directors of Z-Seven Fund, Inc. authorized the filing the Fund's registration statement on Form N-1A Form N-1A An SEC form for the registration of mutual funds. with the SEC to begin the review process to officially register the Fund as an open-end investment company open-end investment company: see mutual fund. (a mutual fund). The SEC review period is expected be complete by March 2007, at which time the Fund will formally convert to open-end status. |
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