Bergstrom Capital Corporation Announces Dividend

Business Wire, May 10, 1999

SEATTLE--(BUSINESS WIRE)--May 10, 1999--

The Board of Directors of Bergstrom Capital Corporation, a publicly traded investment company listed on the American Stock Exchange, today declared a cash dividend of $13.50 per share payable June 7, 1999 to stockholders of record on May 20, 1999.

The company estimates that the sources of this dividend will be $.12 per share from net investment income, $1.64 per share from net realized short-term capital gains, and $11.74 per share from net realized long-term capital gains.

The company's distribution policy, which was adopted by the Board of Directors on May 12, 1997, provides for an annual distribution to the company's stockholders, during the month of June each year, of a cash dividend at the rate of a minimum of 6 percent of the company's net asset value per share as calculated on the last business day in march of that year. The Board of Directors may modify or terminate the distribution policy at any time at its discretion.