PMC Pharmerica Corp. (delisted)

PMC Commercial Trust Announces Pre-Merger Special Dividend DALLAS, Feb. 13 /PRNewswire-FirstCall/ -- PMC Commercial Trust (the "Company") announced that its Board of Trust Managers (the "Board") has declared a special dividend pursuant to the merger agreement with PMC Capital, Inc. ("PMC Capital"). The special dividend is a result of PMC Capital's pre-merger special dividend and is $0.243 per common share plus an additional amount, if any, based upon such amount that PMC Capital determines needs to be distributed as a dividend on or prior to February 27, 2004 (i) to permit PMC Capital to eliminate any federal tax liability for its short final taxable year beginning January 1, 2004 and ending February 29, 2004 and (ii) to satisfy PMC Capital'sdistribution requirement described in Section 852 of the Internal Revenue Code of 1986, as amended, for its short final taxable year beginning January 1, 2004 and ending February 29, 2004. If an additional amount is paid by PMC Capital, our dividend will increase by the PMC Capital increase divided by 0.37 as provided for in the merger. In any event, the aggregate dividend for the Company can not exceed $0.432 per share of common stock. The special dividend is payable on February 27, 2004 to shareholders of record at the close of business on February 23, 2004. This pre-merger special dividend will be taken into consideration by our Board and credited against our quarterly dividend which is expected to be declared at our regularly scheduled meeting in March 2004. Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects", "anticipates", "will" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward- looking statements. Such forward-looking statements can be subject to certain risks and uncertainties, including the financial performance of the Company, real estate conditions and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Although the Company believes the expectations reflected in any forward- looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. DATASOURCE: PMC Commercial Trust CONTACT: Investor Relations of PMC Commercial Trust, +1-972-349-3235

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