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What is the stock symbol of Fonar Corporation
Common Class A stock?
What exchange is it traded on?
What is the CUSIP number for FONR common
class A stock?
Can one buy or sell stock directly through
the Company?
Who handles issues regarding stock certificates?
How may I contact Computer Share Investor Services?
Does the Non-voting Class A Preferred Stock have any value?
Can the Non-voting Class A Preferred stock
be sold or bought?
What was the record date for the issuance
of the Non-voting Class A Preferred Stock?
Why were the dividend payments made?
Will there be anymore dividend payments?
When did Fonar make stock dividends?
When did FONAR make cash dividends in 1998
and 1999?
What is the Cash Dividend Tax Status?
Q: What is the stock
symbol of Fonar Corporation Common Class A stock?
A: FONR
Q: What exchange is
it traded on?
A: NASDAQ Small Cap Market
Q: What is the CUSIP
number for FONR common class A stock?
A: 344437 10 8
Q: Can one buy or sell
stock directly through the Company?
A: No. Shares of FONR/NASDAQ can be bought and
sold through a registered securities dealer.
Q: Who handles issues
regarding stock certificates?
A: FONAR uses Computer Share Trust, Inc. (CST)(formerly
American Securities Transfer & Trust, Inc.) to handle stock
certificates and issues relating to the certificates in order
to give you the best service. Therefore, for issues regarding
certificates, please deal with them directly. If you have
a change in your name or address, have lost your certificates,
have an issue regarding an estate, or another problem with
your stock certificate, please contact CST. Many issues may
be handled via U.S. mail, e-mail or FAX. For instance, to
change an address, please send them the name, new and old
address, and social security number. CST will communicate
to you if any additional information is required or a fee
is required.
Q: How may I contact Computer
Share Investor Services?
A:
U.S. Post Office address:
Computer Share Trust, Inc.
P.O. Box 1596 Denver, CO 80201 |
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Delivery service address:
Computer Share Trust, Inc.
350 Indiana St.
Suite 800
Golden, CO 80401 |
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Other Contact information:
Research at CST: Ms. Jane Bell
Tel: 303-262-0600
Fax: 303-262-0700
E-mail: Jane.Bell@computershare.com
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Q:
Does the Non-voting Class A Preferred Stock have any value?
A: The terms of the
Preferred Stock are similar to those of Common Stock, except
that the Preferred has different dividend rights and no voting
rights. Fonar's Non-Voting Class A Preferred Stock has received
four dividends of $0.62 per share. Although there is no public
market for Preferred Stock, at some point in the future it
is possible that it will become publicly traded.
Q:
Can the Non-voting Class A Preferred stock be sold or bought?
A: Yes, but only
if done so privately and not through a registered securities
dealer. The Preferred Stock is not qualified or registered
for trading on the NASDAQ system or any exchange at this time
and there is no known market. The financial markets do not
post a price.
Q:
What was the record date for the issuance of the Non-Voting
Class A Preferred Stock?
A: The Company issued
Non-Voting Class A Preferred Stock to owners of record of
the Common Stock as of October 20, 1995. The amount given
was at a ratio of one share of Preferred Stock for every 5
shares of Common Stock.
Q:
Why were the dividend payments made?
A: The dividend payments
were the result of Fonar's successful enforcement of the Company's
patents.
Q:
Will there be any more dividend payments?
A: Additional dividends
may be paid depending on the proceeds received from the enforcement
of the Company's patents.
Q:
When did Fonar pay stock dividends?
A: On April 13, 1998,
there was a common stock dividend paid to shareholders of
record of the Common Stock as of October 20, 1995. The stock
dividend was distributed by FONAR's transfer agent, American
Securities Transfer & Trust, Inc. (AST).
Q:
When did FONAR pay cash dividends in 1998 and 1999?
A:
| Record Date |
Payment Date |
Common |
Class A Preferred |
| May 15, 1998 |
May 26, 1998 |
$.022832 |
$0.312568 |
| Sep. 17, 1998 |
Sep. 25, 1998 |
$.007602 |
$0.104189 |
| Dec. 16, 1998 |
Dec. 28, 1998 |
$.007594 |
$0.104189 |
| Mar. 16, 1999 |
Mar. 28, 1999 |
$.007594 |
$0.104189 |
Q:
What is the Cash Dividend Tax Status?
A:Cash dividends
paid in May 1998: ordinary dividends
Cash dividends paid
in Sept. 1998 and Dec. 1998: nontaxable distributions.
Cash dividends paid
in March 1999: nontaxable distributions.
Please check your
Form 1099 to be sure that your dividends have been reported
correctly.

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