Comdisco to pay dividend to stockholders, rights holders

By Caroline Salls

Pittsburgh, Dec. 14 - Comdisco Holding Co., Inc.'s board of directors has declared a cash dividend of $5.00 per share on its outstanding shares of its common stock, payable on Jan. 6 to stockholders of record on Dec. 27, according to a company news release.

Comdisco said it has about 4 million shares of common stock outstanding.

The company said it intends to treat the dividend distribution for federal income tax purposes as one in a series of liquidating distributions in complete liquidation of the company.

Comdisco will also make a cash payment of $0.0365 per right on the contingent distribution rights payable on Jan. 6. Comdisco said it has 152.3 million of the contingent distribution rights outstanding.

Comdisco emerged from Chapter 11 on Aug. 12, 2002. Comdisco Holding is a Rosemont, Ill., company formed to sell the assets of its predecessor Comdisco, Inc. and distribute the proceeds.

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