EXHIBIT 99.1
DELTA FINANCIAL CORPORATION
March 16, 2004
To Certain Stockholders of Delta Financial Corporation:
INTRODUCTION. This notice is being provided under Section 4(a) of the
Registration Rights Agreement (the "Registration Rights Agreement"), dated as of
December 21, 2000, by and among Delta Financial Corporation, a Delaware
corporation (the "Company"), and Mellon Investor Services LLC, a New Jersey
limited liability company, as warrant agent (the "Warrant Agent").
PROPOSED REGISTRATION. The Company intends to file a Registration
Statement on Form S-2 (the "Proposed Registration Statement") for the
registration of its Common Stock, par value $0.01 per share in an Underwritten
Offering (as defined in the Registration Rights Agreement). The Company is
providing you the opportunity to exercise your Piggyback Registration rights (as
defined in the Registration Rights Agreement) to include up to all of your
Warrant Shares (as defined in the Registration Rights Agreement) acquired prior
to the Company's redemption on October 30, 2003 of its 9.5% Senior Secured Notes
Due 2004 in the Proposed Registration Statement, subject to all of the terms of
the Registration Rights Agreement.
By including all your Warrant Shares in the Proposed Registration
Statement, you will be able to sell the Warrant Shares in the aforementioned
Underwritten Offering, subject to all of the terms of the Registration Rights
Agreement.
If you would like to include your Warrant Shares in the Proposed
Registration Statement, please complete the form below, execute it, and return
it to the Company as indicated.
* * *
Please contact Xxxx X. Xxxxxx of Delta Financial Corporation at (516)
364-8860 if you have any questions.
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1
Notice of Requested Registration:
Pursuant to Delta Financial Corporation's Notice, dated March 16, 2004, the
undersigned holder seeks to include __________ of its Warrant Shares in the
Proposed Registration Statement.
The undersigned beneficially owns1 ________ shares of the Company's Common
Stock, including the Warrant Shares described in the preceding paragraph.2
Please execute this form, and send by overnight courier or fax to:
Delta Financial Corporation
0000 Xxxxxxxx Xxxx
Xxxxxxxx, XX 00000
Attn: Xxxx X. Xxxxxx
Fax: (000) 000-0000
Dated: Signature:
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(Signature must conform in all respects to name of
holder as specified on the face of the
certificates representing the Warrant Shares (as
defined in the Registration Rights Agreement.)
Name of Security Holder:
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Name of Person Signing:
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Title:
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Phone Number:
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1 As such term is used in Rule 13d-3 under the Securities Exchange Act of 1934.
2 The undersigned acknowledges that this information will be included in the
Proposed Registration Statement under Item 507 of SEC Regulation S-K.
2
