Business Services Industry
Gainsco declares regular quarterly cash dividend and semi-annual 5% stock dividend
Business Wire, August 15, 1995
FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 15, 1995--Gainsco Inc. (AMEX:GNA) announced the declaration of its regular quarterly cash dividend of $.01 per share and its semi-annual 5% stock dividend, both payable on Oct. 16, 1995, to shareholders of record on Sept. 30, 1995.
The cash dividend will be paid on the stock dividend shares, as well. Cash will be paid for fractional shares based upon the closing price on Sept. 30, 1995. The company's transfer agent, Continental Stock Transfer and Trust Company, will accept instructions until the close of business on Oct. 6, 1995, for disposition of nominee stock with regard to fractional shares.
Gainsco Inc., is a vertically integrated property and casualty insurance holding company specializing in underwriting excess and surplus lines. Its insurance companies are General Agents Insurance Company of America Inc., MGA Insurance Company Inc. and Gainsco County Mutual Insurance Company and they are all rated "A " (superior) by A.M. Best. The insurance service subsidiaries include General Agents Premium Finance Company, which offers premium financing programs for general agents in connection with their marketing activities, and Agents Processing Systems Inc., which markets a computer software policy management system to general agents.
CONTACT: Gainsco Inc., Fort Worth
Joseph D. Macchia, 817/336-2500
or
Makovsky & Company
Bernie Kilkelly/Renee Amellio, 212/508-9600
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