Centerplate Announces Cash Payments on Income Deposit Securities

Date : 06/29/2007 @ 8:15AM
Source : PR Newswire
Stock : Centerplate, (CVP)
Quote : 3.35  -0.02 (-0.59%) @ 3:00PM
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Centerplate Announces Cash Payments on Income Deposit Securities

STAMFORD, Conn., June 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 July 20, 2007 to holders of record of Income Deposit Securities at the close of business on July 10, 2007.

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 June 20, 2007 and ending July 19, 2007 and includes an interest payment of U.S. $0.064 for the monthly period beginning June 20, 2007 and ending July 19, 2007 as provided in the subordinated note.

Centerplate, Inc., with its principal executive office in Stamford, CT, is a leading provider of food and related services including concessions, catering, and merchandise services in more than 125 sports facilities, convention centers and other entertainment venues throughout the United States and Canada. 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,

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

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