On August 29, 2019, the Board of Directors of Paradise, Inc. declared a special distribution to the Company's shareholders in the aggregate amount of $5,196,000, or $10.00 per share, as an initial distribution as contemplated in the Company's definitive proxy statement on Schedule 14A filed on July 8, 2019. The distribution is expected to be paid on September 12, 2019 or as soon as practicable thereafter to shareholders of record as of the close of business on September 11, 2019.