World News: 15:54 GMT Thursday 6th December 2018. [BAB, Inc. via Globe Newswire via SPi World News]
Deerfield, IL, Dec. 06, 2018 (GLOBE NEWSWIRE) -- BAB, Inc. , today announced that its Board of Directors has declared a quarterly distribution of one cent ($0.01) per share and a special distribution of two cents ($0.02) per share, payable on January 11, 2019 to shareholders of record as of December 21, 2018.
The Company believes it is possible for tax purposes, a portion of these distributions and any distributions that the Board has declared in 2018 (collectively, the “Distributions”) may be treated as a return of capital to shareholders to the extent of each shareholder’s basis, while the remaining portion of the Distributions may be treated as a dividend.
The portion of the January 11, 2019 Distributions that will be treated as a dividend will not be determined until January 2020, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2019. The final determination will be reported to recipients of the Distributions on a tax information return in early 2020.
Contact: BAB, Inc.
Michael K. Murtaugh
Phone: (847) 948-7520 Fax: (847) 405-8140
Globe Newswire: 15:54 GMT Thursday 6th December 2018
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