Concurrent Computer Corporation to Make the Regularly Scheduled Quarterly Dividend Payment on December 28, 2017; to Suspend Future Dividends After the December 28, 2017
October 27, 2017 at 04:36 pm EDT
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The Board of Directors has determined that Concurrent Computer Corporation will make the regularly scheduled quarterly dividend payment of $0.12 per share of common stock on December 28, 2017 to stockholders of record as of December 14, 2017.
In addition, the Board of Directors has determined to suspend future dividends after the December 28, 2017 dividend. The Board of Directors' determined to suspend concurrent's quarterly dividend following the payment of the December 28, 2017 dividend to preserve concurrent's liquidity while the Investment Committee considers potential acquisition targets and alternative uses of Concurrent's remaining assets, including the proceeds of the Vecima transaction. The Board of Directors will continue to regularly assess concurrent's allocation of capital and evaluate whether and when to reinstate the quarterly dividend.
CCUR Holdings, Inc. operates in the financial services industry. The Companyâs subsidiary, Recur Holdings LLC, conducts, holds and manages real estate operations. The Company serves as a co-sponsor to Crixus BH3 Acquisition Company. The Company is further evaluating for acquisition purposes additional operating business and assets to maximize the value of its assets.
Concurrent Computer Corporation to Make the Regularly Scheduled Quarterly Dividend Payment on December 28, 2017; to Suspend Future Dividends After the December 28, 2017
CCUR HOLDINGS, INC. 
