Bay View Capital Corporation to Pay Cash Distribution on Common Stock
December 10 2004 - 5:55PM
PR Newswire (US)
Bay View Capital Corporation to Pay Cash Distribution on Common
Stock SAN MATEO, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Bay View
Capital Corporation (the "Company") announced that its Board of
Directors today declared a cash distribution of $2.25 per share on
its outstanding common stock payable on December 31, 2004 to
stockholders of record at the close of business on December 21,
2004. The Company's cash distributions during 2004 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-DIV 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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