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Unformatted text preview: k minimum dividend will be
distributed as dividends to Class B preferred stock and common stock, up to the equivalent on
a per-share basis to those paid to Class A preferred stock, while maintaining the Dividend Ratio
between Class B preferred stock and common stock. Any earnings remaining for distribution
thereafter are shared ratably among Class A preferred, Class B preferred and common stocks
while maintaining the Dividend Ratio between Class A and Class B preferred stock and
common stock . In the event that Class A preferred stock is not paid dividends for three
consecutive years, holders of that stock are entitled to voting rights until the dividends in arrears
for those three years are paid.
28 Aracruz Celulose S.A.
Notes to Consolidated Financial Statements
Expressed in thousands of United States dollars
(unless otherwise stated) Basic and diluted earnings per share ("EPS") as of December 31, 1998, 1999 and 2000, as
presented in the Company's statement of income, have been calculated o...
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This note was uploaded on 02/05/2014 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.
- Spring '08