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San Antonio, TX, United States, 2012/09/06 - Eurogen Energy, Inc. - private energy holding company today announced its September 30, 2012 cash dividend - EurogenEnergy.com.
Eurogen Energy, Inc., a Texas based, private energy holding company today announced its September 30, 2012 cash dividend will be USD $0.01 per preferred common share. The dividend will be payable to all shareholders who hold shares on the record date of September 17, 2012. The next dividend is expected to be paid October 31, 2012.
The current yield is 4% per year based on current subscription price of USD $3.00 per preferred share.
To our existing shareholders: If legally permissible, the Company anticipates providing holders of Preferred A Shares dividends at the end of each calendar month. Any declared dividends shall be based on the Company's net income for the preceding month and payable at the end of the next calendar month. If the end of said calendar month falls on a non-business day, the dividend will be paid on the next business day. Notwithstanding this dividend policy, the Company shall have the right to supplement, modify or otherwise control the distribution of dividends at any time, upon the unanimous approval of the Company's board of directors.
About Eurogen Energy, Inc.
Eurogen Energy, Inc. (eurogenenergy.com), a Texas corporation, which is owned by JTW Vantage Inc., was founded in May of 2011 as a special purpose entity whose primary objective is to invest in various energy ventures targeting the Oil & Gas Industry and other energy projects.
The company's sole activities are limited to purchasing, holding and selling investments. Eurogen appropriates its revenue to shareholder distributions and to the continued development of its diverse portfolio of investments.
The company makes a wide variety of investments including ownership rights in private energy, oil and gas projects as well as the acquisition of publicly traded stock of companies in the Energy Industry.