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13.09.2013 00:30
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SeaCo Ltd. Announces Third Liquidating Distribution of $0.0875 per share
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PR Newswire
HAMILTON, Bermuda, Sept. 12, 2013
HAMILTON, Bermuda, Sept. 12, 2013 /PRNewswire/ -- SeaCo Ltd. (OTC: SEAOF) (the "Company" or "SeaCo") announced that its Board of Directors had declared a third liquidating distribution of $0.0875 per common share, which will be paid on September 30, 2013, to shareholders of record at the close of business on September 23, 2013. The aggregate distribution will total approximately $57.82 million based on the 660,761,557 shares of common stock currently outstanding. The Company does not anticipate that any further distributions will be made on account of its common stock. This third liquidating distribution will be made pursuant to the Plan of Liquidation of SeaCo Ltd., approved by the Company's stockholders on August 17, 2011.
About SeaCo Ltd.
SeaCo Ltd. is a Bermuda based shipping container investment and leasing group, which was formed in February 2009 to hold the container leasing investments of Sea Containers Ltd., following its U.S. Chapter 11 reorganization. Additional information is available at: www.seacoltd.com.
Forward Looking Statements
This press release may contain "forward-looking statements". The words "may," "could," should," "would," "believe," anticipate," "estimate," "expect," "intend," "plan," "target," "goal," and similar expressions are intended to identify forward-looking statements. All forward-looking statements are subject to certain risks and uncertainties and are subject to change based on various factors, many of which are beyond the control of SeaCo Ltd. These risks and uncertainties include, but are not limited to, the Company's ability to convert its remaining assets into cash, possible contingent liabilities and post-closing indemnification and other obligations arising from the sale of the Company's businesses, risks associated with the liquidation and dissolution of the Company, the Company's ability to settle, make reasonable provision for or otherwise resolve its liabilities and obligations, the amount of income earned on the Company's cash and cash equivalents and short-term investments and expenses incurred. SeaCo Ltd. undertakes no duty to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law.
SOURCE SeaCo Ltd.
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