Renaissance Capital Group, Inc.
Dallas, TX, November 07, 2005 -- Renaissance Capital Growth & Income Fund III, Inc., d/b/a RENN Capital Fund III, Inc. (RENN), a leading convertible closed-end fund, announced today that the Board of Directors has approved a dividend distribution of $0.10 per share. The dividend will be payable on December 1, 2005, to shareholders of record as of November 17, 2005.
With this dividend, the Fund will have paid its investors a total of $12.48 per share in cash distributions since its initial public offering in 1994 at $10.00.
The Board of Directors will meet on Wednesday, December 14, 2005, to consider a Special Year-End distribution.
RENN had record performance in 2004 with cash distributions of $3.17 per share paid out to its shareholders.
Renaissance Capital Growth & Income Fund III, Inc., is a business development company concentrating on investing in emerging growth companies, including investment in private placements of convertible securities.
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