A dividend of 20 cents per share on the 8% non-cumulative convertible preferred shares dividend is payable to shareholders of record on April 16, 1998, and payable on April 30, 1998. A dividend of 12 cents per share on the common shares is payable to shareholders of record March 31, 1998, and payable on April 15, 1998. Both dividend payments are for the quarter ended March 31, 1998.
In addition, the Board of Directors has also declared a special one-time, year-end dividend for common shares of 10 cents per share to shareholders of record March 31, 1998, and payable on April 15, 1998. The special dividend is the result of the company's revaluation of its investment portfolio.
For additional information, please contact Mrs. Joan L.K. Barnes, Assistant Corporate Secretary, at 441-295-4663.