Stock Split and Cash Dividend Announced by Hennessy Advisors, Inc.
27 Gennaio 2006 - 5:19PM
PR Newswire (US)
NOVATO, Calif., Jan. 27 /PRNewswire-FirstCall/ -- Hennessy
Advisors, Inc. (OTCBB: HNNA) The Board of Directors of Hennessy
Advisors, Inc., has declared a 3-for-2 stock split and the
Company's second annual cash dividend. The cash dividend this year
will be $0.085 per share post-split. The stock split and dividend
will be paid on March 7th, 2006, to stockholders of record as of
February 14th, 2006. Chief Executive Officer and President Neil
Hennessy, in announcing the dividend, stated, "We are extremely
pleased to be able to reward our shareholders through these two
corporate actions." Hennessy Advisors, Inc., located in Novato, CA,
is the advisor to six no- load mutual funds. The Hennessy Funds
employ superb, time-tested stock selection formulas and manage
their funds with unwavering discipline and consistency. The company
serves clients with integrity, honesty and candor, and their
strategies and performance are fully disclosed. Forward-Looking
Statements Statements in this press release regarding Hennessy
Advisors, Inc.'s business, which are not historical facts, are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve a number of risks, uncertainties and other
important factors that could cause the actual results and outcomes
to differ materially from any future results or outcomes expressed
or implied by such forward-looking statements. These risks,
uncertainties and other important factors are described in more
detail in the "Risk Factors" section of the Company's annual report
on Form 10-KSB for the fiscal year ended September 30, 2005, filed
December 6, 2005, with the U.S. Securities and Exchange Commission,
including, without limitation, the "Risk Factors" section of
Management's Discussion and Analysis and Results of Operations. The
following factors may affect the actual results of the Company: --
Continuing volatility in the equity markets may cause the levels of
our assets under management to fluctuate significantly. -- Weak
market conditions or loss of investor confidence in the mutual fund
industry may lower our assets under management and reduce our
revenues and income. -- We face strong competition from numerous
and sometimes larger companies. -- Changes in the distribution
channels on which we depend could reduce our revenues or hinder our
growth. -- For the next several years, insurance costs are likely
to increase materially and we may not be able to obtain the same
types or amounts of coverage. -- For the next several years,
professional service fees and compliance costs are likely to
increase due to increased securities industry legislation. --
Changes in accounting regulations may also have adverse effects on
our earnings per share. -- International conflicts and the ongoing
threat of terrorism may adversely affect the general economy,
financial and capital markets and our business. Supplemental
Information Nothing in this section shall be considered a
solicitation to buy or an offer to sell a security to any person in
any jurisdiction where such offer, solicitation, purchase or sale
would be unlawful under the securities laws of such jurisdiction.
Mutual fund investing involves risk; loss of principal is possible.
While the Hennessy Funds are no-load, management and distribution
fees and other expenses apply. Please refer to the prospectus for
details. The Hennessy Funds are distributed by Quasar Distributors,
LLC. First Call Analyst: FCMN Contact: terry@hennessyfunds.com
DATASOURCE: Hennessy Advisors, Inc. CONTACT: Tania Kelley of
Hennessy Advisors, Inc., +1-415-899-1555 Web site:
http://www.hennessyadvisors.com/
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