The Associated Press
DAYTON, Ohio - Regional energy company DPL Inc. said Monday it cannot provide an exact date for the filing of its 2003 annual report or its first and second-quarter reports for 2004, but said it will resume its regular quarterly dividends upon filing the reports.
The company said it is trying to decide whether certain issues require adjustment under generally accepted accounting principles and in which periods the adjustments would be made.
DPL, whose Dayton Power & Light subsidiary supplies electricity to portions of Butler and Warren counties, said if adjustments must be made, it does not expect the amounts would affect its disclosed financial position.
The dividend payments would include disbursements normally made in June, delayed because of the pending Securities and Exchange Commission filings.
The company said it is working with auditors to complete and file its 2003 Form 10-K with the SEC. DPL is under investigation by federal prosecutors and is subject to an SEC inquiry.
DPL said it will pay an additional 1 percent interest on $175 million 8 percent senior notes due 2009 until the Form 10-K is filed, and an additional 0.5 percent interest on the notes until a registration statement on the notes is filed with the SEC.
The company's shares closed Monday at $19.99, up 4 cents.
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