Comdisco declares cash dividend of $14.30 per share

Chicago, May 30 - Comdisco Holding Co. Inc. said Friday that its board of directors has declared a cash dividend of $14.30 per share on the outstanding shares of its common stock, payable on June 19 to common stockholders of record on June 9.

Comdisco has 4.2 million shares of common stock outstanding. Mellon Investor Services will serve as paying agent. Comdisco intends to treat this distribution for income tax purposes as one in a series of liquidating distributions in complete liquidation of the company.

After the dividend announced today and to the distribution from the company's disputed claims reserve made on May 15, the recovery to Rosemont, Ill.-based Comdisco's general unsecured creditors will be 89%.

As a result, the company said it will make a cash payment of $.01621 per right on the contingent distribution rights, payable on June 19 to contingent distribution rights holders of record on June 9. Comdisco Holding has 152.8 million contingent distribution rights outstanding. Mellon will serve as paying agent.

The company was formerly a leasing and technology equipment provider.

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