Pethealth Inc. Announces Dividend on Series I 6% Convertible Preference Shares
January 15, 2009 by admin
Filed under Pet Insurance
The Board of Directors of Pethealth Inc. (“Pethealth” or the “Company”) today announced that they declared a dividend of $0.12 per series I 6% convertible preference shares (the “Convertible Preference Shares”), payable on February 2, 2009 to the holders of record at the close of business on January 16, 2009.
On January 21, 2004, by way of private placement, Pethealth issued 5,000,000 Convertible Preference Shares. Holders of Convertible Preference Shares are entitled to receive cumulative dividends at the fixed rate of 6% per annum, equal to $0.12 per Convertible Preference Share.
About Pethealth
Founded in 1998, Pethealth is the second largest provider of pet insurance to pet owners in North America, and the leading provider of pet related database management services to the North American companion animal industry. Pethealth offers a unique range of products and services for veterinarians, shelters and pet owners through a number of wholly owned subsidiaries using a range of brand names, including PetCare, ShelterCare, QuickCare, 24PetWatch, PetPoint, and PawsConnect. The Company is also a leading provider of pet health insurance in the United Kingdom through its Pet Protect and petPals brands. Pethealth currently insures approximately 240,000 dogs and cats.