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C » Topics » Article 5 (Limitation on Distribution of Surplus)

This excerpt taken from the C 8-K filed Nov 14, 2007.

Article 5 (Limitation on Distribution of Surplus)

NCC shall not declare or pay any dividend on the NCC Shares, after the dividend for the quarter ended September 30, 2007, while the transactions contemplated by this Agreement are pending. The parties acknowledge that those who received Citigroup Shares in the Share Exchange and keep holding them will be entitled to receive dividends declared on the Citigroup Shares as of any record date after the Effective Date.

 

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This excerpt taken from the C 8-K filed Oct 31, 2007.

Article 5     (Limitation on Distribution of Surplus)

 

NCC shall not declare or pay any dividend on the NCC Shares, after the dividend for the quarter ended September 30, 2007, while the transactions contemplated by this Agreement are pending. The parties acknowledge that those who received Citigroup Shares in the Share Exchange and keep holding them will be entitled to receive dividends declared on the Citigroup Shares as of any record date after the Effective Date.

EXCERPTS ON THIS PAGE:

8-K
Nov 14, 2007
8-K
Oct 31, 2007

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