RNHDA Reinhold Industries CL A (MM)

SANTA FE SPRINGS, Calif., Nov. 30 /PRNewswire-FirstCall/ -- Reinhold Industries, Inc. (NASDAQ:RNHDA) of Santa Fe Springs, California, reminds its shareholders of the different treatment that will be afforded its recently declared special and regular dividends under the policies of the National Association of Securities Dealers (NASD). On November 21, 2005, Reinhold declared a special dividend of $6.00 per share to all shareholders of record on December 16, 2005, payable on January 3, 2006. Previously, on November 14, 2005, Reinhold declared a regular quarterly dividend of $0.50 per share to all shareholders of record on December 2, 2005, payable on December 16, 2005. Under the rules of the NASD, the "ex-dividend date" with respect to the $6.00 per share special dividend does not occur until January 4, 2006, the day after the payment date. The ex-dividend date is the date on which the stock is no longer deemed to trade along with the right to receive the dividend. Accordingly, the price of Reinhold's stock after the December 16, 2005 record date for the special dividend and before the January 4, 2006 ex-dividend date will reflect that shareholders selling their stock between those dates are also selling the right to receive the special dividend. They will not also receive the dividend. Persons who buy the stock during that period will receive the dividend. By contrast, the ex-dividend date for a regular dividend occurs two trading days before the record date. In the case of Reinhold's recently announced regular dividend of $0.50 per share, the ex-dividend date occurred on November 30, 2005. Persons who sell their Reinhold shares on or after November 30, 2005, will be entitled to receive the regular dividend. On November 21, 2005, Reinhold also announced that it will discontinue its previous policy of paying regular quarterly dividends. The regular dividend payable on December 16, 2005 will be Reinhold's last quarterly dividend under its now discontinued policy. Reinhold Industries, Inc. is a manufacturer of advanced custom composite components and sheet molding compounds for a variety of applications in the United States. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS To the extent the Company makes certain "forward-looking statements" in this press release, such as statements about future plans, goals and other events which have not yet occurred, such statements are intended to qualify for the safe harbors from liability provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified because they include words such as the Company "believes," "anticipates," "expects" or words of similar import. These forward-looking statements involve risks and uncertainties and the actual results could differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, without limitation, risks associated with levels of U.S. and foreign military spending and the financial condition of the airline industry. You should consider these risks and factors and the impact they may have when you evaluate these forward-looking statements. These statements are based only on the Company's knowledge and expectations on the date of this press release. The Company disclaims any duty to update these statements or other information in this press release based on future events or circumstances. DATASOURCE: Reinhold Industries, Inc. CONTACT: Wanda Morrison of Reinhold Industries, Inc., +1-562-944-3281

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