If the merger is not completed during the fourth quarter of 2011, then DPL will not pay such prorated dividend and anticipates it will declare a full regular dividend for the fourth quartersometime in January and a pro-rated
dividend for the first quarter of 2012 if the merger transaction closes during such first quarter.
For more information on Sprint's early termination fee policy and to view the pro-rated
chart please visit www.
dividend will be paid within 30 days after the closure of the merger.
If the merger closes on or before May 15, the dividend will be pro-rated
, with shareholders receiving $0.
The first quarter dividend will be payable to shareholders of record as of the close of business on each day during the period, January 1, 2006 through and including March 31, 2006, pro-rated
for the period of ownership.
This cash dividend represents a pro-rated
quarterly dividend for the period from the company's initial public offering of common stock on May 19, 2005 through June 30, 2005, based upon the annual dividend rate of $0.
As previously disclosed in Lazard's IPO prospectus, this dividend was pro-rated
for the period of the second quarter subsequent to the date of the company's initial public offering and based on an expected regular quarterly dividend of approximately $0.
Although teachers receive pro-rated
checks during the summer, they are only paid for 10 months of work.
In addition to the normal quarterly cash dividend, the Board has declared a pro-rated
cash dividend of $0.
In fact, when the time comes for holders who have shares in margin accounts to vote on the merger, they could receive their voting instruction card from their brokers that will show them as entitled to full vote on their shares, whereas in actuality their vote could be pro-rated
or at worse completely lost as a result of the alleged scheme.
35 per share pro-rated
for the period August 1, 2004 to October 1, 2004 (the redemption date).
If the maximum cash is used and pro-rated
among all Rocky shareholders, Rocky shareholders would receive approximately 80% consideration in Enterra trust units or exchangeable shares and 20% in cash, and Enterra would be issuing a combination of approximately 2.