Board Declares Third Quarter Dividend

At its August board meeting, the CIRI Board of Directors declared a 2004 third quarter dividend in the amount of $7 per share, or $700 per 100 shares of stock. All third quarter dividends will be mailed or direct deposited on Thursday, Sept. 30, 2004. This amount represents taxable income to shareholders. CIRI is unable to withhold taxes from dividends; however, shareholders who anticipate owing tax on their dividends have the option of making quarterly estimated tax payments directly to the Internal Revenue Service themselves. To find out more about making quarterly estimated tax payments, consult with a tax advisor, contact the IRS directly, and/or visit the IRS web site. CIRI cannot provide tax advice.

Elders’ Settlement Trust Makes August Payment

A $450 payment from the irrevocable CIRI Elders’ Settlement Trust was mailed to eligible original CIRI shareholders who were 65 years of age or older on Aug. 13, 2004. The last 2004 payment to elders from the Settlement Trust will be mailed on Nov. 12, 2004. The 2005 schedule of Elders’ Settlement Trust quarterly payments will be announced once the trustees determine the schedule.