Citadel Plans Distribution of Alliance Medical Stock

Citadel Environmental Group in Thousand Oaks has announced a dividend-in-kind distribution of Alliance Medical Corp. common stock to Citadel’s holders of record of common and preferred stock on Feb. 25.

The dividend will be in the form of one share of newly issued, restricted common stock of Alliance for each 12 shares of Citadel common and preferred stock. The payment date of the dividend is May 14.

Citadel is a publicly traded holding company established to acquire controlling interests in private businesses with opportunities for significant growth and market share.