INTERCARGO VOTES 100 PERCENT STOCK DIVIDEND
INTERCARGO VOTES 100 PERCENT STOCK DIVIDEND SCHAUMBURG, Ill., Nov. 18 /PRNewswire/ -- The board of directors of
Intercargo Corporation (NASDAQ-NMS: ICAR) today declared a 2-for-1 stock split in the form of a 100 percent stock dividend, payable Dec. 11, 1991, to shareholders of record at the close of business on Nov. 29.
The split will increase the number of the company's outstanding shares from 2,512,500 to 5,025,000. Headquartered in Schaumburg, a Chicago suburb, Intercargo Corporation is a leading provider of specialized insurance coverage to companies involved in international trade. Its market is primarily importers and exporters, customs brokers and freight forwarders and other global traders. The primary coverages it underwrites are U.S. Customs Bonds for which it controls about 33 percent of the market, cargo insurance and professional liability for the broker forwarder industry. -0- 11/18/91 /CONTACT: James R. Zuhlke, president and CEO of Intercargo, 708-517-2510/ (ICAR) CO: Intercargo Corporation ST: Illinois IN: INS SU: DIV CK-SM -- NY052 -- 1406 11/18/91 11:43 EST
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|Date:||Nov 18, 1991|
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