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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: RockRidger who wrote (48186)	6/11/1999 7:15:00 AM
From: RockRidger	Read Replies (1) of 90042

Good Morning all! Found this posted on another thread, I would think that this stock would pick up over the next few weeks due to the amount of the dividend. It was announced 2 days ago but it doesn't seem like it has effected the stock price at all. But hey, I'm just a clueless rookie. Any thoughts ? _____________________________________________ Counsel Corporation Declares Special Dividend Canadian Corporate News - June 08, 1999 21:00 TORONTO, ONTARIO--The Board of Directors of Counsel Corporation TSE:CXS / NASDAQ:CXSN) today declared a special dividend of C$1.50 per share. The dividend is payable on July 20, 1999 to shareholders of record on July 12. Allan Silber, Counsel Corporation's Chairman and CEO said, "This dividend is a continuation of our strategy to share Counsel's realization of value with our shareholders. It is directly related to Counsel's successful sale of Stadtlander Drug Company earlier this year. It is Counsel's stated policy to continue to recognize and reward the confidence our shareholders have in our vision as we realize value from our investments in the future." The conversion price of Counsel Corporation's convertible debentures due October 31, 2003 (TSE:CXS.DB.U) will be adjusted to reflect the dividend payment, as required by the terms of the debentures. Counsel Corporation is a unique management company that actively manages the companies in which it invests. Over the past ten years, its business operations have focussed on rapidly growing sectors of the U.S. health care industry. It is currently involved in the exciting emerging pharmaceutical area through its subsidiaries FARO Pharmaceuticals, Inc. and Sage BioPharma, Inc.

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