American Depository Receipts: Value Message Board

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Strategies & Market Trends : American Depository Receipts: Value

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To: Michael Burry who wrote (21)	9/25/1997 10:58:00 AM
From: Mike 2.0	of 33

Ken Fisher's "eye popping 10% dividend" comment wrt ELUXY was indeed in error. Here is e-mail from Electrolux IR: The 1997 regular cash dividend from Electrolux was SEK 12.50 per ordinary share (about $ 1.619) paid in May 1997. At current share prices, this results in a dividend yield of about 2%. In addition Electrolux spun off its wholy-owned subsidiary Gr„nges in the form of a special share distribution to shareowners. (Two shares in Electrolux entitled the holder to one share in Gr„nges). The company was listed on the Stockholm Stock Exchange O-list as of May 21, 97. For ADR holders this distribution took the form of a special one-time cash payment of $ 6.056 per ADR made in June 1997. Thus, unfortunately the article in Forbes is misleading and not indicative of the regular dividend rate. I hope this clarifies your question. Best regards, Electrolux, Investor Relations

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