Business Services Industry
CenCor Announces Ex-Dividend Date for Previously Announced Partial Liquidating Distribution
Business Wire, May 28, 1999
MISSION, Kan.--(BUSINESS WIRE)--May 28, 1999--
CenCor, Inc. (the "Company"), said today that its previously announced second partial liquidating distribution of $4.25 per share of the Company's common stock, for which the record was May 21, 1999, will have an ex-dividend date of June 8, 1999, the day following the payment date of June 7.
The timing of the ex-dividend date is determined in accordance with the NASD rule applicable to such a dividend because it exceeds 25% of the Company's share value. Between the record date and the ex-dividend date, the stock trades with due bills reflecting the seller's obligation to transfer the dividend to the buyer.
The Company is a dissolved corporation in the process of liquidation.
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