HAMILTON, Bermuda, Jan. 24, 2012 /PRNewswire/ -- SeaCo Ltd.
(OTC: SEAOF) (the "Company" or "SeaCo") today announced that the
payment date for the previously announced First Liquidating
Distribution of $0.65 per Common
Share will be January 27, 2012. As
previously announced, the First Liquidating Distribution will be
made to its shareholders of record as of the close of business on
January 19, 2012.
About SeaCo Ltd.
SeaCo Ltd. is a shipping container investment and leasing group,
which was formed in February 2009 to
hold the existing container leasing investments of Sea Containers
Limited, 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.