Amen Announces Tithing Dividend for 2013
22 February 2014 - 1:00AM
Business Wire
Amen Properties, Inc. (Pink Sheets: AMEN) today announced that
the Company’s Board of Directors has approved payment of a tithing
dividend of $4.50 per share to the Company’s common shareholders.
The dividend will be paid on March 7, 2014 to shareholders of
record on February 28, 2014 and will fulfill the Company’s tithing
obligation for the fiscal year ended December 31, 2013.
Amen’s bylaws require that the Company donate approximately 10%
of its net profits to persons or entities expected to make
“significant efforts to propagate the Gospel of Jesus Christ.”
“Given the Company’s current tax-free status by virtue of its net
operating losses, the Board feels it is more prudent and effective
to pay the tithe directly to shareholders and allow them to pass
the funds along as they see fit,” said Kris Oliver, Amen’s Chief
Executive Officer.
Additional information about Amen Properties is available at the
company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a diverse portfolio of cash-producing
properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve
a number of risks and uncertainties that could cause our actual
results to differ materially from those reflected in the
forward-looking statements. Forward-looking statements can be
identified by use of the words "expect," "project," "may," "might,"
potential," and similar terms. AMEN Properties, Inc. ("Amen", "we"
or the "Company") cautions readers that any forward-looking
information is not a guarantee of future performance and that
actual results could differ materially from those contained in the
forward-looking information. Forward-looking statements involve a
number of risks, uncertainties or other factors beyond Amen's
control. These factors include, but are not limited to, our ability
to implement our strategic initiatives, economic, political and
market conditions and price fluctuations, government and industry
regulation, U.S. and global competition and other factors. We
undertake no obligation to update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
Amen Properties, Inc.Kris Oliver, 972-999-0494
AMEN Properties (PK) (USOTC:AMEN)
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