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Article: Quarterly Distribution Announced on BNB Capital Trust
- Article from:
- PR Newswire
- Article date:
- December 4, 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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9.5% Cumulative Trust Preferred Securities and Broad National Bancorporation
9.5% Junior Subordinated Debentures
NEWARK, N.J., Dec. 4 /PRNewswire/ -- BNB Capital Trust (Nasdaq: BNBCP), a Delaware statutory business trust of which Broad National Bancorporation (Nasdaq: BNBC) is the sponsor and owner of all its Common Securities, reported today that in accordance with the terms of its 9.5% Cumulative Trust Preferred Securities (the "Preferred Securities"), the quarterly distribution on each Preferred Security will be payable December 31, 1997 to holders of the Preferred Securities at the close of business on December 15, 1997. ...
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