Shelbourne Properties III, Inc. Declares $13.21 Per Share Dividend
17 December 2003 - 5:14AM
PR Newswire (US)
Shelbourne Properties III, Inc. Declares $13.21 Per Share Dividend
BOSTON, Dec. 16 /PRNewswire-FirstCall/ -- Shelbourne Properties
III, Inc. announced today that its Board of Directors has declared
a dividend of $13.21 per share. The dividend is payable January 8,
2004 to shareholders of record as of the close of business on
December 26, 2003. The dividend is being paid from the proceeds of
recent sales of Shelbourne Properties III, Inc.'s properties and
cash reserves. The Board of Directors and Shareholders of
Shelbourne Properties III, Inc. has previously approved a plan of
liquidation. Shelbourne Properties III, Inc.'s sole remaining
assets is its interest in 20 motel properties held for the benefit
of the holder of the Class A Partnership Units issued by Shelbourne
Properties III L.P. as well as cash reserves. DATASOURCE:
Shelbourne Properties III, Inc. CONTACT: Beverly Bergman for
Shelbourne Properties III, Inc., +1-617-570-4607
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