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Alico, Inc. Announces Dividend

LABELLE, Fla., June 8, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that at its Board of Directors meeting on June 5, 2009, the Board declared a dividend in the amount of $0.1375 per share to be paid to shareholders of record as of July 31, 2009…

Alico Special Committee for Troutman Litigation Issues Report Which Determines That It is Not in Alico's Best Interest to Pursue the Derivative Litigation

LABELLE, Fla., June 3, 2009 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO), a leading landholder and land management company located in south Florida announced today that the Special Committee of Independent Directors of Alico's Board of Directors, which was constituted to investigate…

Alico Adds Two New Directors Increasing Its Number of Directors to Ten

LA BELLE, Fla., June 1, 2009 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO), a leading landholder and land management company located in south Florida announced today that its Board of Directors, at a meeting held on May 27, 2009, voted to increase the number of directors serving on the Board to…

Alico Reports Second Quarter Earnings

LA BELLE, Fla., May 11, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced net income for the three months ended March 31, 2009 of $2.0 million or $0.28 per share, compared with net income of $1.5 million or $0.21 per share for the three months ended March…

Alico Announces Default On Mortgage Note Receivable

LA BELLE, Fla., April 22, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that the Ginn Companies has defaulted on its contract with the Company's subsidiary, Alico-Agri Ltd, related to the purchase of property in Lee County, Florida. Under the terms…

Alico Announces That a Scheduled Interest Payment Was Not Received

LA BELLE, Fla., April 1, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that a scheduled quarterly interest payment had not been received by its Alico-Agri, Ltd subsidiary related to the sale of property in Lee County, Florida. Under the terms of the…

Alico Modifies Its Revolving Line of Credit

LABELLE, Fla., March 31, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that on March 30, 2009 the Company modified its $125 million Revolving Line of Credit (RLOC) with Farm Credit of Southwest Florida. According to the terms of the modification,…

Alico Receives a $7.0 Million Settlement

LA BELLE, Fla., March 20, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it had executed a Settlement Agreement with a vendor that resulted in a $7.0 million payment to Alico on March 20, 2009. Under the agreement, the vendor admits no wrongdoing and…

Alico, Inc. Announces Dividend

LABELLE, Fla., March 4, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that at its Board of Directors meeting on February 26, 2009, the Board declared a dividend in the amount of $0.1375 per share to be paid to shareholders of record as of April 30,…

Alico, Inc. Announces Election of Directors

LABELLE, Fla., Feb. 24, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced at its annual stockholders meeting held on Friday February 20, 2009, the Alico stockholders elected JD Alexander, John R. Alexander, Robert E. Lee Caswell, Evelyn D'An, Charles…

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