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NDAQ » Topics » NOTE K - CAPITAL CONTRIBUTION

These excerpts taken from the NDAQ 8-K filed Aug 1, 2008.

NOTE K - CAPITAL CONTRIBUTION

In June 2000, the Exchange implemented a three-year capital contribution program. The program assessed a $1,500/month contribution on owners of the Exchange’s 505 seats to be used to provide funding for technological improvements and other capital needs. Through March 31, 2008, the Exchange had collected $27,188,000 (2008 - $-0-; 2007 - $-0-; 2006 - $2,000; 2005 - $6,000; 2004 - $33,000; 2003 - $4,251,000; 2002 - $9,336,000; 2001 - $8,888,000; 2000 - $4,672,000) from its seat owners. The program expired in May 2003.

NOTE K - CAPITAL CONTRIBUTION

In June 2000, the Exchange implemented a three-year capital contribution program. The program assessed a $1,500/month contribution on owners of the Exchange’s 505 seats to be used to provide funding for technological improvements and other capital needs. Through December 31, 2007, the Exchange had collected $27,188,000 (2007 - $-0-; 2006 - $2,000; 2005 - $6,000; 2004 - $33,000; 2003 - $4,251,000; 2002 - $9,336,000; 2001 - $8,888,000; 2000 - $4,672,000) from its seat owners. The program expired in May 2003.

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Aug 1, 2008

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