Board Declares Second Quarter Dividend
The CIRI Board of Directors has declared a 2005 second quarter dividend in the amount of $7 per share, or $700 for 100 shares of stock. All second quarter dividends will be mailed or distributed to shareholders on Thursday, June 30. The direct deposit deadline for the second quarter dividend is Wednesday, June 1 at 3 p.m. Listed below are important dates associated with the second quarter dividend:

• Sign up for or change existing direct deposit information before 3 p.m., Wednesday, June 1.
• Cancel direct deposit anytime prior to 3 p.m., Tuesday, June 21.
• Change your address anytime before 3 p.m., Tuesday, June 21.

Please note that if the address on your CIRI records does not match the address you have on file with the Postal Service, your CIRI mail--including dividends--may not reach you. Forms and information about how to change your address with CIRI are located on the CIRI web site at www.ciri.com/shareholders/address.htm and an address change form is also included on page 5 of this newsletter. Online forms and information on changing your address with the U.S. Postal Service are available on the Postal Service web site at www.usps.com and are also available at your local post office.

Elders' Payment Scheduled for June
A $450 payment from the irrevocable CIRI Elders' Settlement Trust will be mailed on Friday, June 10 to eligible original shareholders who are 65 years of age or older, as of that date. The schedule for the remaining 2005 payments from the Elders' Settlement Trust will be on the second Friday of September and December.