Garden.com Inc., the failed e-retailer of garden products, will pay a partial liquidating payment of 20 cents per share to shareholders of record on June 28. Garden.com had previously closed its stock record books as of the close of business on February 2, 2001, and the only transfers permitted since then have been by will, intestate succession or for other legal reasons. Garden.com ceased operations in November. Shortly after going public in mid 1999, Garden shares sold for a high of $24.
Garden.com says it may also make one or more later distributions, although Garden says it expects any further payments to be less than this payment. Garden is still selling assets and assessing tax and other liabilities.