AdCare Health Systems (ADK) Declares 5% Stock Dividend
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AdCare Health Systems, Inc. (NYSE MKT: ADK), a leading long-term care provider, has declared a 5% stock dividend, payable October 22, 2012 to shareholders of record at the close of business on October 8, 2012.
The company's transfer agent, Continental Stock Transfer & Trust Company, will issue the dividend shares in book-entry form through the Direct Registration System, and all fractional shares otherwise issuable as a result of the stock dividend will be rounded up to a whole share. If a shareholder would prefer to receive a certificate for their dividend shares instead of holding the shares in book-entry form, then they may request a certificate from Continental at any time.
The book-entry posting by Continental allows shareholders to own and transfer only their dividend shares without stock certificates. However, shareholders are advised to not destroy any certificates representing shares of AdCare common stock that they currently hold, as these remain valid for the number of shares shown.
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The company's transfer agent, Continental Stock Transfer & Trust Company, will issue the dividend shares in book-entry form through the Direct Registration System, and all fractional shares otherwise issuable as a result of the stock dividend will be rounded up to a whole share. If a shareholder would prefer to receive a certificate for their dividend shares instead of holding the shares in book-entry form, then they may request a certificate from Continental at any time.
The book-entry posting by Continental allows shareholders to own and transfer only their dividend shares without stock certificates. However, shareholders are advised to not destroy any certificates representing shares of AdCare common stock that they currently hold, as these remain valid for the number of shares shown.
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