Two holdings report news….
1- CODI:
WESTPORT, Conn., April 8, 2010 /PRNewswire via COMTEX News Network/ — Compass Diversified Holdings (Nasdaq GS: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that its Board of Directors has declared a quarterly cash distribution of $0.34 per share. The distribution for the three months ended March 31, 2010 is payable on April 30, 2010 to all holders of record as of April 23, 2010.
Joe Massoud, CEO of Compass Diversified Holdings, commented, “We are pleased to declare our first quarter distribution of $0.34 per share. We have now declared a distribution each quarter since our IPO in May of 2006 and, including this quarter, will have cumulatively distributed $4.9752 per share to our shareholders.”
After recent deals, this distribution we thought just a few months ago might be cut, looks to be very safe. That means buyers today getting an 8% yield have a safe one. Of course anything can happen but recent deals are both accredive to cash flow and that is how CODI determines distributions. IF it is cut, it will be a minimal one…..
2- JMBA:
–Jamba, Inc. (NASDAQ:JMBA) today announced that it will host its 2010 Annual Meeting of Stockholders at 8:00 a.m. PDT on Thursday, May 20, 2010 at its corporate offices located at 6475 Christie Avenue, Suite 150, Emeryville, CA 94608. Jamba stockholders of record at the close of business on March 25, 2010 will be entitled to notice of the annual meeting and to vote upon matters considered at the meeting. Attendance at the meeting will be limited to stockholders of record and beneficial owners who provide proof of beneficial ownership as of the record date (such as an account statement, a copy of the voting instruction card provided by a broker, bank, trustee, or nominee, or other similar evidence of ownership).
Should be a happy meeting….