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MAJJ Michael Anthony Jewelers Inc (CE)

1,800.00
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Michael Anthony Jewelers Inc (CE) USOTC:MAJJ OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,800.00 0.00 00:00:00

Michael Anthony Holdings, Inc. Declares Cash Distribution

19/11/2010 3:00pm

PR Newswire (US)


Michael Anthony Jewelers (CE) (USOTC:MAJJ)
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MOUNT VERNON, N.Y., Nov. 19, 2010 /PRNewswire-FirstCall/ -- Michael Anthony Holdings, Inc. (formerly Michael Anthony Jewelers), (Pink Sheets: MAJJ), announced today that its Board of Directors declared, on October 19, 2010, a cash distribution of $350 per share on its Common Stock.  The distribution is payable on December 15, 2010 to stockholders of record as of the close of business on November 30, 2010.

Since the distribution is in excess of the Company's earned surplus and net profits, the Company believes that this may represent a tax-free return of capital to its stockholders.  The Company advises that stockholders consult their tax advisers.

SOURCE Michael Anthony Holdings, Inc.

Copyright 2010 PR Newswire

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