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Article: Baker Fentress Announces Partial Capital Gain Distribution
- Article from:
- PR Newswire
- Article date:
- September 11, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Sept. 11 /PRNewswire/ -- Baker, Fentress & Company (NYSE: BKF), a closed-ended fund, today declared a long-term capital gain distribution of its remaining undistributed 1996 realized gain in the aggregate amount of $31,955,770. On November 13, 1997, the directors expect to declare a distribution from 1997 long-term capital gain.
Even though declared on different dates, both distributions will be paid on December 18, 1997 to shareholders of record November 12, 1997. The 1997 capital gain distribution is being declared in two parts to satisfy the requirements of the Internal Revenue Code.
The Company's temporary policy is to make calendar ...