The Board of Directors of The Middleton Doll Company (Pink Quotes: MDLL and MDLLP) announced today it has declared a cash dividend of $0.1311 per share on its common stock, payable April 30, 2010 to shareholders of record at the close of business on April 19, 2010, and announced the partial redemption of its Adjustable Rate Cumulative Preferred Stock, Series A, par value $0.01 per share (preferred stock), on a pro rata basis among all holders of the preferred stock. The redemption date for the preferred stock is anticipated to be June 4, 2010 pursuant to a notice to be provided to the holders of the preferred stock. In effecting the partial redemption of the preferred stock, the company will make total payments of $1.56 million to the holders of the preferred stock.
About The Middleton Doll Company
The Middleton Doll Company, through its subsidiary License Products, Inc., does business as FirsTime Manufactory, a designer and marketer of clocks and home décor products that are sold to major national retailers.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should," or other similar expressions.Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements.These factors include: the ability of the Company to continue as a going concern; the ability of the Company to redeem the outstanding preferred stock; the degree of success of the strategy to reduce expenses and to increase revenue; and the ability of the Company to provide the necessary cash to meet operating and working capital requirements.
Contacts:
The Middleton Doll Company
Ken Werner
(262)
347-2904