Bay View Capital Corporation to Pay Cash Distribution on Common Stock
September 02 2004 - 5:30PM
PR Newswire (US)
Bay View Capital Corporation to Pay Cash Distribution on Common
Stock SAN MATEO, Calif., Sept. 2 /PRNewswire-FirstCall/ -- Bay View
Capital Corporation (the "Company") announced today that it will
pay a cash distribution of $2.50 per share on its outstanding
common stock on September 30, 2004. The record date for the
distribution will be September 10, 2004. The cash distribution will
be taxed as a dividend to the extent of the Company's current or
accumulated earnings and profits, with any excess being treated
first as a return of capital to the extent of any remaining cost
basis in the stock, then as a capital gain. The amount taxable as a
dividend will be included in Form 1099 information returns, which
will be provided after December 31, 2004. Bay View Capital
Corporation is a financial services company headquartered in San
Mateo, California and is listed on the NYSE: BVC. For more
information, visit http://www.bayviewcapital.com/. DATASOURCE: Bay
View Capital Corporation CONTACT: John Okubo of Bay View Capital
Corporation, +1-650-294-7778 Web site:
http://www.bayviewcapital.com/
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