Pmc Capital (AMEX:PMC)
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PMC Capital Announces Pre-Merger Special Dividend
DALLAS, Feb. 13 /PRNewswire-FirstCall/ -- PMC Capital, Inc. (the "Company")
announced that its Board of Directors (the "Board") has declared a special
dividend pursuant to the merger agreement with PMC Commercial Trust of $0.09
per common share plus such additional amount, if any, that the Company
determines needs to be distributed as a dividend on or prior to February 27,
2004 (i) to permit the Company to eliminate any federal tax liability for its
short final taxable year beginning January 1, 2004 and ending February 29, 2004
and (ii) to satisfy the Company's distribution requirement described in Section
852 of the Internal Revenue Code of 1986, as amended, for its short final
taxable year beginning January 1, 2004 and ending February 29, 2004. If an
additional dividend is required, the aggregate dividend may not exceed $0.16 per
share of common stock. The pre- merger special dividend is payable on February
27, 2004 to shareholders of record at the close of business on February 23,
2004.
Certain matters discussed in this press release are "forward-looking
statements." These forward-looking statements can generally be identified as
such because the context of the statement will includewords such as the Company
"expects," "anticipates" or words of similar import. Similarly, statements that
describe the Company's future plans, objectives or goals are also
forward-looking statements. Such forward-looking statements can be subject to
certain risks and uncertainties, including the financial performance of the
Company, real estate conditions and market valuations of its stock, which could
cause actual results to differ materially from those currently anticipated.
Although the Companybelieves the expectations reflected in any forward-looking
statements are based on reasonable assumptions, the Company can give no
assurance that its expectations will be attained. Shareholders, potential
investors and other readers are urged to consider these factors carefully in
evaluating the forward-looking statements. The forward-looking statements made
herein are only made as of the date of this press release and the Company
undertakes no obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances.
DATASOURCE: PMC Capital, Inc.
CONTACT: Investor Relations of PMC Capital, Inc., +1-972-349-3256
Web site: http://www.pmccapital.com/