PFGI Capital Corp., a Maryland-based real estate investment trust, announced that it will be making a cash payment on its Series A and Series B preferred stock.
For shareholders, Series A will pay out about 48 cents per share and Series B will pay out about $1.25 per share, a release stated.
Along with announcing a cash payment for shareholders, PFGI also made public its first-quarter results. For the opening quarter of 2007, PFGI reported an increase of about $200,000 in net income from the same period during 2006, up to $4.9 million.
