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Investor Frequently Asked Questions

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

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Q: What exchange is it traded on?

A: NASDAQ Small Cap Market

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Q: What is the CUSIP number for FONR common class A stock?

A: 344437 10 8

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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.

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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.

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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
 
Delivery service address:
Computer Share Trust, Inc.
350 Indiana St.
Suite 800
Golden, CO 80401
 
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.

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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.

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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.

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Q: Why were the dividend payments made?

A: The dividend payments were the result of Fonar's successful enforcement of the Company's patents.

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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.

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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).

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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

 

 

 

 

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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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