Paul Revere Investors Inc. - Investment Stock Certificate
Inv# GS6320 Stock
Investment company named after Paul Revere. The following is type written on Paul Revere Investors Inc. Letterhead in 1972:
Paul Revere Investors Inc. (the”company") is a closed-end, non diversified management investment company which was organized in May 1971 and went public through a public offering of its shares on September 30, 1971. Under its investment policy it invests principally in long-term, fixed-income debt obligations which have equity features and which are acquired indirect placements. When fully invested in accordance with this policy, which is expected to take approximately two years from the date of the public offering, the company must have at least 85% of its assets invested in direct placements and in equity securities acquired as a result of the exercise of warrants, options or conversion rights acquired in direct placements.
The company also has an automatic dividend investment plan (the”Plan”) under which participating shareholders may automatically reinvest all dividends in shares of the Company’s stock. Such reinvestment is at net asset value or at market price, which ever is lower. Depending upon which is lower, the company issues additional shares or the agent for the participants purchases shares in the market. Current policy is to pay dividends monthly.
Paul Revere (/rɪˈvɪər/; December 21, 1734 O.S. (January 1, 1735 – May 10, 1818) was an American silversmith, engraver, early industrialist, Sons of Liberty member and Patriot in the American Revolution. He is best known for his midnight ride to alert the colonial militia in April 1775 to the approach of British forces before the battles of Lexington and Concord, as dramatized in Henry Wadsworth Longfellow's 1861 poem, "Paul Revere's Ride". Read more at https://en.wikipedia.org/wiki/Paul_Revere
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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