On 8 Jan 2007 08:57:45 -0000, "investor0329" [EMAIL PROTECTED] wrote:
If I understand the press release below (it is not very clear), there is a Class A cash dividend of 0.2120 payable on 12/30/2006, and an interest payment of 0.2145 payable on 1/30/2007. If this is a correct interpretation, then QP picked up the 12/30 payment, but won't show the other one until after 1/30/07. Harry >> >>hmmm...so is the yield 4% or 8%? QP says around 4%. Gotta admit I >>don't understand what is written below. >> >> >>--- In [email protected], "optiontrader3290" <[EMAIL PROTECTED]> >>wrote: >>> >>> B & G Foods Inc. Announces Cash Payments n Enhanced Income Securities >>> 2006 Nov 9 | 9:01 PM >>> B&G Foods, Inc. announced that a cash payment of $0.4265 per Enhanced >>> Income Security (EIS) will be payable on January 30, 2007 to holders >>> of record of EISs on December 31, 2006. Each of the EISs is comprised >>> of one share of Class A common stock and $7.15 principal amount of >>> 12% senior subordinated notes due 2016. The total payment of $0.4265 >>> reflects; a cash dividend of $0.2120 per share of Class A common >>> stock for the quarterly dividend period beginning on October 1, 2006 >>> and ending on December 30, 2006, the last day of B&G Foods' fourth >>> fiscal quarter of 2006; and an interest payment of $0.2145 per $7.15 >>> principal amount of senior subordinated notes for the period >>> beginning on October 30, 2006 and ending on January 29, 2007, as >>> provided in the indenture governing the senior subordinated notes.
