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UNITED STATES RADIUM CORPORATION To the Holders of the Preferred Stock of UNITED STATES RADIUM CORPORATION: At a special meeting of stockholders of United States Radium Cor- poration held June 4, 1929, and adjourned to June 10, 1929, the proposed plan for the readjustment of the capital structure of the Corporation was approved and adopted by the holders of over three-fourths of the outstanding shares of both the preferred and Class A stock. No shares of stock were voted against the action taken at this meeting. The plan now having been approved, it is in order for the holders of the outstanding preferred stock to surrender their certificates for pre- ferred shares, and thereupon receive in exchange an equal number of shares of the new $7 Cumulative First Preferred Stock and in addition, a stock dividend consisting of one share of Class A stock for each share of preferred stock SO surrendered. In connection with this exchange of stock, and in accordance with the provisions of the readjustment plan, the preferred shareholders are requested to execute the release instrument enclosed herewith and to mail or deliver same with their preferred stock certificates to Central Hanover Bank and Trust Company, 70 Broadway, New York City, the transfer agent of United States Radium Corpora- tion. Upon receipt thereof new certificates for the $7 Cumulative First Preferred Stock will be issued to the registered holders of the surrendered certificates. Dividends on the new $7 Cumulative First Preferred Stock issued on or prior to July 1, 1929, will be cumulative from January 1, 1929, in accordance with the plan, and it is important, therefore, to each holder of outstanding preferred stock that he surrender his shares and become entitled to the new preferred stock prior to that time. It will not be necessary to endorse the stock certificates surrendered. C. B. LEE, President.

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Context sent to Scholar

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    "ocrText": "UNITED STATES RADIUM CORPORATION\nTo the Holders of the Preferred Stock of\nUNITED STATES RADIUM CORPORATION:\nAt a special meeting of stockholders of United States Radium Cor-\nporation held June 4, 1929, and adjourned to June 10, 1929, the proposed\nplan for the readjustment of the capital structure of the Corporation\nwas approved and adopted by the holders of over three-fourths of the\noutstanding shares of both the preferred and Class A stock. No shares\nof stock were voted against the action taken at this meeting.\nThe plan now having been approved, it is in order for the holders\nof the outstanding preferred stock to surrender their certificates for pre-\nferred shares, and thereupon receive in exchange an equal number of\nshares of the new $7 Cumulative First Preferred Stock and in addition,\na stock dividend consisting of one share of Class A stock for each share\nof preferred stock SO surrendered. In connection with this exchange of\nstock, and in accordance with the provisions of the readjustment plan,\nthe preferred shareholders are requested to execute the release instrument\nenclosed herewith and to mail or deliver same with their preferred stock\ncertificates to Central Hanover Bank and Trust Company, 70 Broadway,\nNew York City, the transfer agent of United States Radium Corpora-\ntion. Upon receipt thereof new certificates for the $7 Cumulative First\nPreferred Stock will be issued to the registered holders of the surrendered\ncertificates.\nDividends on the new $7 Cumulative First Preferred Stock issued\non or prior to July 1, 1929, will be cumulative from January 1, 1929, in\naccordance with the plan, and it is important, therefore, to each holder\nof outstanding preferred stock that he surrender his shares and become\nentitled to the new preferred stock prior to that time.\nIt will not be necessary to endorse the stock certificates surrendered.\nC. B. LEE,\nPresident."
}