Pro-Fac Announces Dividend Payment and Redemption of Remaining Preferred Stock
27 1월 2010 - 5:06AM
PR Newswire (US)
FAIRPORT, N.Y., Jan. 26 /PRNewswire-FirstCall/ -- Pro-Fac
Cooperative, Inc. (NASDAQ:PFACP), an agricultural cooperative,
today announced that its Board of Directors has authorized the
redemption of all remaining shares of the Cooperative's Class A
cumulative preferred stock at its full liquidation preference of
$25.00 per share. Payment for those shares will be made on March
15, 2010 to shareholders of record at the close of business on
March 1, 2010. In conjunction with the redemption, the Pro-Fac
Board also declared a payment of dividends in satisfaction of (1)
the $0.26 per share cumulated on the October 2009 dividend, (2) the
$0.43 per share to be cumulated on the January 2010 dividend and
(3) the amount of $0.22 per share for dividends that will be owed
from February 1, 2010 through the March 15, 2010 stock redemption.
These dividends will also be paid on March 15, 2010 to shareholders
of record at the close of business on March 1, 2010. ABOUT PRO-FAC:
Pro-Fac Cooperative is an agricultural cooperative that markets
crops grown by its member-growers, including fruits (cherries,
apples, blueberries, and peaches), vegetables (snap beans, dry
beans, beets, peas, sweet corn, carrots, cabbage, squash, asparagus
and potatoes) and popcorn. Only growers of crops marketed through
Pro-Fac (or associations of such growers) can become members of
Pro-Fac. Pro-Fac's Class A cumulative preferred stock is listed on
the Nasdaq Capital Market under the stock symbol, PFACP. More
information about Pro-Fac can be found on its web site at
http://www.profaccoop.com/. DATASOURCE: Pro-Fac Cooperative, Inc.
CONTACT: Kevin Murphy, +1-585-218-4210 Web Site:
http://www.profaccoop.com/
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