BAB, Inc. Announces Cash Distribution

BAB, Inc. Announces Cash Distribution

DEERFIELD, Ill. - Dec. 05, 2017 // GLOBE NEWSWIRE // - BAB, Inc. (OTCQB:BABB), today announced that its Board of Directors has declared a quarterly distribution of one cent ($0.01) per share and a special distribution of one cent ($0.01) per share, payable on January 12, 2018 to shareholders of record as of December 22, 2017.

The Company believes it is possible for tax purposes, a portion of the distribution and any future distributions that the Board may declare in 2018 (collectively, the “Distributions”) may be treated as a return of capital to shareholders to the extent of each shareholder’s basis, while the remaining portion of the Distributions may be treated as a dividend.

The portion of the January 12, 2018 distribution that will be treated as a dividend will not be determined until January 2019, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2018. The final determination will be reported to recipients of the Distributions on a tax information return in early 2019.

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee. The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.

Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “would,” “believe” and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company’s SEC filings.

Contact:

Michael K. Murtaugh
Phone: (847) 948-7520
Fax: (847) 405-8140
www.babcorp.com

SOURCE BAB, Inc

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Blink Fitness
At Blink Fitness, exercise isn't just about looking good, it's also about how it makes you feel.
ZIPS Dry Cleaners
ZIPS, since 1996, began as eight dry cleaners in the Baltimore-Washington, D.C., metro area and has grown to more than 40 stores. Find out more.
Poke Burri
Poke Burri is a Georgia-based restaurant company that provides a healthy and delicious dining experience focused around the popular dish, known as...
Saladworks
Saladworks leads the exploding fast-casual salad space, with nine consecutive quarters of positive same-store sales growth through 2017. America's...
Jimmy John's Gourmet Sandwiches
One of the fastest growing franchises in the U.S., Jimmy John’s has been making fresh, fast, tasty sandwiches since 1983.
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.