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.
