Radio Unica Communications To Distribute $0.85 Per Share.
April 10, 2004
Radio Unica Communications Corp. announced that it plans to distribute $0.85 per share to shareholders of record on February 4, 2004.
The Company continues to be in discussions with third parties to sell its radio promotions company, Mass Promotions, Inc., and liquidate its remaining working capital.
Radio Unica Communications Corp. filed for bankruptcy on October 31, 2003 as part of a prepackaged bankruptcy plan. The Company closed on the sale of substantially all of its assets to Multicultural Radio Broadcasting, Inc. on the effective date of the bankruptcy, February 4, 2004.
