Show 1 MINERALS separation DIVIDEND the equivalent of 2 per share was paid a as S an initial dividend on stock of the minerals separation north american corporation on may the disbursement was made chiefly in liberty bonds to the extent of over while cash was utilized in making payments on fractional holdings there are shares no par of the 2 distribution the equivalent of per share was paid out of capital assets of the corporation and the equivalent of 50 cents per share was distributed from earnings for the year ended december 31 1917 distribution to holders of fifty shares of stock or multiples thereof was made by delivery of 50 in per cent bonds of the third liberty loan less the first coupon and by the payment in cash to holders of less than fifty shares out of a balance arising from holdings in excess of fifty shares or multiples the sum of 2 per share for each share less than fifty or for such balance the stock of the north american corporation being held in a voting trust the bonds and necessary cash were turned over to the guaranty trust company as agent for the trustees which will in turn make the pro rata distribution among holders of the voting trust certificates the minerals separation north american corporation was organized a year ago to take over the patent rights of the minerals separation ltd of london formerly held by a syndicate the parent company owns about 65 per cent of the american concerns stock |