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Michael Anthony Holdings, Inc. Declares Cash Distribution
MOUNT VERNON, N.Y., Nov. 23 /PRNewswire/ -- Michael Anthony Holdings, Inc. announced today that its Board of Directors declared on November 17, 2009, a cash distribution of $750 per share on its Common Stock. The distribution is payable on December 18, 2009 to stockholders of record as of the close of business on November 30, 2009.
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 shareholders. The Company advises that shareholders consult their tax advisors.
SOURCE Michael Anthony Holdings, Inc.
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