Interpool (NYSE:IPX)
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Interpool, Inc. (IPX) announced today that it will pay a cash dividend
of $.25 per share for the second quarter of 2007. The dividend will be
payable on July 10, 2007 to stockholders of record on July 2, 2007. The
aggregate amount of the dividend is expected to be approximately $7.4
million. The amount of the quarterly dividend is based on the company's
previously announced annualized dividend rate of one dollar per share.
Interpool also announced that it has terminated its existing dividend
reinvestment plan, effective immediately. Accordingly, the dividend to
be paid on July 10, 2007 will not be reinvested in Interpool common
stock.
The company also announced that it has scheduled a special meeting of
stockholders for Wednesday, July 18, 2007. Details on the time and place
will be included in the definitive proxy statement when it becomes
available. The purpose of the meeting is to vote on the company's
previously announced agreement to be acquired by certain private equity
funds managed by affiliates of Fortress Investment Group LLC.
Stockholders of record at the close of business on Monday, June 11, 2007
will be entitled to vote at the special meeting, and all stockholders
are invited to attend the special meeting.
In connection with the proposed merger, Interpool has filed a
preliminary proxy statement with the Securities and Exchange Commission.
INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY
STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders may obtain a free copy of
the proxy statement (when available) and other documents filed by
Interpool at the Securities and Exchange Commission’s
website at http://www.sec.gov. The
proxy statement and such other documents may also be obtained for free
from the Financial Reports page on Interpool’s
website at www.interpool.com or
by directing a request to Investor Relations at (609) 452-8900.
Interpool and its directors and executive officers and other members of
management and employees may be deemed to be participants in the
solicitation of proxies from Interpool stockholders in respect of the
proposed transaction. Information regarding Interpool’s
directors and executive officers is included in the preliminary proxy
statement relating to the merger and in Interpool's proxy statement for
its 2006 annual meeting of stockholders, dated June 21, 2006. Additional
information regarding the interests of such potential participants may
be obtained by reading the definitive proxy statement relating to the
merger when it becomes available.
Interpool is one of the world’s leading
suppliers of equipment and services to the transportation industry. It
is the world’s largest lessor of intermodal
container chassis and a world-leading lessor of cargo containers used in
international trade.
CAUTIONARY STATEMENTS
This press release contains certain forward-looking statements regarding
future circumstances. These forward-looking statements are subject to
risk and uncertainties that could cause actual results to differ
materially from those contemplated in such forward-looking statements,
including in particular the risks and uncertainties described in
Interpool’s SEC filings. The company
undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the
date hereof.
Note: This press release and other press releases and information can be
viewed at Interpool’s website at www.interpool.com.