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B&G Foods Announces Cash Payments on Enhanced Income Securities.

PARSIPPANY, N.J. -- B&G Foods, Inc. (AMEX: BGF), a manufacturer and distributor of high quality, shelf-stable foods, announced today that a cash payment of $0.4265 per Enhanced Income Security ("EIS") will be payable on July 31, 2006 (because July 30 falls on a Sunday), to holders of record of EISs at the close of business on June 30, 2006.

Each of the EISs is comprised of one share of Class A common stock and $7.15 principal amount of 12% senior subordinated notes due 2016. The total payment of $0.4265 reflects:

--a cash dividend of $0.2120 per share of Class A common stock for the quarterly dividend period beginning on April 2, 2006 and ending on July 1, 2006, the last day of B&G Foods' second fiscal quarter of 2006; and

--an interest payment of $0.2145 per $7.15 principal amount of senior subordinated notes for the period beginning on May 1, 2006 and ending on July 30, 2006, as provided in the indenture governing the senior subordinated notes.

About B&G Foods, Inc.

B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico. B&G Foods' products include pickles and peppers, jams, jellies and fruit spreads, canned meats and beans, spices, seasonings, marinades, hot sauces, wine vinegar, maple syrup, salad dressings, Mexican-style sauces, taco shells and kits, salsas and other specialty food products. B&G Foods competes in the retail grocery, food service, specialty store, private label, club and mass merchandiser channels of distribution. Based in Parsippany, New Jersey, B&G Foods' products are marketed under many recognized brands, including Ac'cent, B&G, B&M, Brer Rabbit, Emeril's, Grandma's Molasses, Joan of Arc, Las Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil, Regina, San Del, Ac'cent Sa-Son, Trappey's, Underwood, Up Country Organics, Vermont Maid and Wright's.

Enhanced Income Securities (EISs)(TM) is a trademark owned by Royal Bank of Canada.
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Publication:Business Wire
Date:May 10, 2006
Words:334
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