A residual dividend is a distribution to shareholders that:

1) Represents the funds remaining after a partial liquidation has been used to reduce debt.

2) Occurs on a regular quarterly basis and normally remains constant in amount.

3) Is paid only from funds remaining after all positive net present value projects have been funded.

4) is paid in addition to the normal quarterly distribution amount. Occurs based on funds generated from an unusual one-time event.

5) Occurs based on funds generated from an unusual one-time event.