B&G Foods will be making a cash payment for shares and notes comprising Enhanced Income Securities (EISs).

On the 1 May this year, the manufacturer and distributor of shelf-stable foods, will pay out US$0.4265 per EIS to holders of record of EISs at the close of business at the end March.

Each EIS is made up of one share of Class A common stock and $7.15 principal amount of 12% senior subordinated notes due 2016.

The total payment of $0.4265 reflects a cash dividend of $0.2120 per share of Class A common stock for the first quarter 2006 dividend period, and an interest payment of $0.2145 per $7.15 principal amount of senior subordinated notes for the period between 30 January and 30 April 2006.