MAJJ Michael Anthony Jewelers Inc (CE)

MOUNT VERNON, N.Y., Nov. 19, 2010 /PRNewswire-FirstCall/ -- Michael Anthony Holdings, Inc. (formerly Michael Anthony Jewelers), (Pink Sheets: MAJJ), announced today that its Board of Directors declared, on October 19, 2010, a cash distribution of $350 per share on its Common Stock.  The distribution is payable on December 15, 2010 to stockholders of record as of the close of business on November 30, 2010.

Since the distribution is in excess of the Company's earned surplus and net profits, the Company believes that this may represent a tax-free return of capital to its stockholders.  The Company advises that stockholders consult their tax advisers.

SOURCE Michael Anthony Holdings, Inc.