MedCath Corporation (Nasdaq:MDTH) announced that the company's stockholders approved the proposals contained in a proxy statement filed with the Securities and Exchange Commission on August 17, 2011, authorizing the sale of substantially all of the remaining assets of MedCath and the dissolution of the company. MedCath also announced that its Board of Directors approved a cash distribution equal to $6.85 per share, which will be paid October 13, 2011 to stockholders of record on October 6, 2011. The amount of the distribution is consistent with the amount of the anticipated initial distribution described in the proxy statement dated August 17, 2011.

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