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NYSE: XRM), a leading global manufacturer of clothing and roll covers used primarily in the paper production process, today announced that its Board of Directors adopted a Dividend Reinvestment Plan and declared a dividend of $0. Dividends reinvested in newly issued or treasury shares of common stock of the Company under a dividend reinvestment plan will not be treated as dividends for the purpose of the pre-dividend free cash flow test and will not reduce excess cash for the purposes of the senior credit facility. Registered stockholders who are enrolled in the Fund's Dividend Reinvestment Plan will receive stock based on the terms described above, which are the same as the existing plan. |
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