GNC Announces Dividend on its 12% Series A Exchangeable Preferred Stock
Dec 1, 2004
Series A Exchangeable Preferred StockGNC Corporation announced today that on December 1, 2004 a dividend equal to $32.74 per share will have accumulated since the last dividend payment date, resulting in the aggregate accumulated dividends for each share of preferred stock to be $124.06.Pittsburgh PA, November 30, 2004: GNC Corporation (GNC), today announced that November 15, 2004 was a dividend record date with respect to its 12% Series A Exchangeable Preferred Stock. On December 1, 2004, a dividend equal to $32.74 per share will have accumulated since the last dividend payment date and after giving effect to this newly accumulated dividend, the aggregate accumulated dividends for each share of preferred stock is $124.06
GNC has elected to exercise its right to not pay this dividend in cash. Holders will not receive additional shares of preferred stock in connection with this dividend, as the accumulated dividends are automatically added to the amount owed on each share of preferred stock.
GNC, based in Pittsburgh, PA, is the largest global specialty retailer of nutritional supplements, which includes vitamin, mineral and herbal supplements, sports nutrition products, diet and energy products and specialty supplements.