Centerplate Announces Cash Payments on Income Deposit Securities

Date : 09/29/2006 @ 9:38AM
Source : PR Newswire
Stock : Centerplate Ids (CVP)
Quote : 3.37  -0.28 (-7.67%) @ 8:00PM
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Centerplate Announces Cash Payments on Income Deposit Securities

SPARTANBURG, S.C., Sept. 29 /PRNewswire-FirstCall/ -- Centerplate, Inc. (AMEX:CVP) (TSX: CVP.un), announced today that a cash payment of U.S. $0.13 per Income Deposit Security will be payable on October 20, 2006 to holders of record of Income Deposit Securities at the close of business on October 10, 2006.

Each of the Income Deposit Securities issued by the Company in its initial public offering in December 2003 is comprised of one share of common stock and a subordinated note. The total payment of U.S. $0.13 reflects a cash dividend of U.S. $0.066 per share of common stock for the monthly period beginning September 20, 2006 and ending October 19, 2006 and includes an interest payment of U.S. $0.064 for the monthly period beginning September 20, 2006 and ending October 19, 2006 as provided in the subordinated note.

Centerplate is a leading provider of catering, concessions, merchandise and facilities management services for sports facilities, convention centers and other entertainment venues. Visit the company online at http://www.centerplate.com/.

DATASOURCE: Centerplate, Inc.

CONTACT: Gael Doar, Director of Communications of Centerplate, Inc.,

+1-203-975-5941, or

Web site: http://www.centerplate.com/

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