N🟁N

Bogen Board Declares Cash Dividend

  //science-technology.news-articles.net/content/2010/12/09/bogen-board-declares-cash-dividend.html
  Published in Science and Technology on Thursday, December 9th 2010 at 18:01 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

RAMSEY, N.J.--([ BUSINESS WIRE ])--Today, the Bogen Communications International, Inc. (Pink Sheets: BOGN) (aBogena), Board of Directors declared a special cash dividend of $1.00 per common share, payable on December 30^th, 2010, to shareholders of record on December 23^rd, 2010, subject to completion of bank financing. If bank financing is not completed, some or all of the dividend may not be paid. If paid, it is anticipated that approximately $0.65 to $0.70 of the dividend will qualify as an ordinary dividend and the remainder as return of capital or capital gain depending on shareholder basis. The allocation noted above is subject to change upon completion of the financial statements of the Company. Each shareholder is advised to consult with their tax advisor regarding the tax treatment of this dividend.

Please visit Bogena™s website at [ www.bogen.com ] for the complete Consolidated Financial Statements as well as additional information about the Company and its products and services.

About Bogen

Bogen Communications International, Inc., based in Ramsey, New Jersey, and Germering, Germany, develops, manufactures, and markets telecommunications peripherals, sound processing equipment, and Unified Messaging products and services. Bogena™s products are sold to commercial, industrial, professional, and institutional customers worldwide.