Castle Convertible Fund, Inc. Declares Dividend JERSEY CITY, N.J., May 24 /PRNewswire-FirstCall/ -- On May 3, 2005, the Board of Directors of Castle Convertible Fund, Inc., a closed-end investment company managed by Fred Alger Management, Inc., declared a dividend of $0.17 per share to shareholders of record June 30, 2005 payable July 18, 2005. Contact: Frederick A. Blum Executive Vice President Fred Alger Management, Inc. (201) 547-3600 DATASOURCE: Fred Alger Management, Inc. CONTACT: Frederick A. Blum, Executive Vice President of Fred Alger Management, Inc., +1-201-547-3600

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