December 5, 2009
Tanacross Inc. Shareholders
Dear Shareholders,
The Tanacross Corporation Board of Directors regrets to inform shareholders there will be no Dividend in 2009.
For 25 years, your Board has had a policy to return 50% of any net profits from investments to the shareholders in the form of an annual dividend. This policy has assured Tanacross Inc.’s growth for many years, allowed us to fund day-to-day operations, and has provided a dividend for our shareholders.
The Board of Directors has reviewed our financial records for 2009 and net profits have become net losses, due to harsh economic times and a large tax payment for 2008. In keeping with Board policy and on the recommendations of our financial advisors, there will be no 2009 dividend. Our investments showed a loss early in the year, but we have made strong gains in the last quarter. We anticipate our investments will recover in 2010.
The Board has discussed creating a separate Dividend Account in the future. As your representatives, the Board of Directors must ensure Tanacross, Inc.’s future by adhering to board policy.
Please check online at www.tanacrossinc.com for corporation updates.
The Board of Directors wishes everyone a safe and Happy Holiday!
Tanacross Corporation Board of Directors
