Pro-Fac Announces Preferred Stock Dividend
December 31 2009 - 10:00AM
PR Newswire (US)
FAIRPORT, N.Y., Dec. 31 /PRNewswire-FirstCall/ -- Pro-Fac
Cooperative, Inc. (NASDAQ:PFACP), an agricultural cooperative,
today announced a $.20 per share dividend, payable February 1,
2010, to shareholders of record of its Class A cumulative preferred
stock at the close of business on January 15, 2010. As previously
announced, on December 23, 2009 Pro-Fac received a distribution of
approximately $238 million from Birds Eye Holdings, LLC upon the
closing of the sale of Birds Eye Foods, Inc. to the Pinnacle Foods
Group. The Pro-Fac Board of Directors will be evaluating potential
uses for the cash received from this transaction, including
distributions to Pro-Fac members and other stakeholders, and
expects to make a further announcement when a course of action is
determined. ABOUT PRO-FAC: Pro-Fac Cooperative is an agricultural
cooperative that markets crops grown by its member-growers,
including fruits (cherries, apples, blueberries, and peaches),
vegetables (snap beans, dry beans, beets, peas, sweet corn,
carrots, cabbage, squash, asparagus and potatoes) and popcorn. Only
growers of crops marketed through Pro-Fac (or associations of such
growers) can become members of Pro-Fac. Pro-Fac's Class A
cumulative preferred stock is listed on the Nasdaq Capital Market
under the stock symbol, "PFACP". More information about Pro-Fac can
be found on its web site at http://www.profaccoop.com/. DATASOURCE:
Pro-Fac Cooperative, Inc. CONTACT: Kevin Murphy, +1-585-218-4210
Web Site: http://www.profaccoop.com/
Copyright