SeaCo Declares Distribution [Travel & Leisure Close - Up]
(Travel & Leisure Close - Up Via Acquire Media NewsEdge) 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, to shareholders of record at the close of business on September 23.
According to a release, 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.
SeaCo is a Bermuda based shipping container investment and leasing group.
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