Millions distributed to SHL shareholders
Updated: Feb 14, 2022 09:36 PM
Bermudian-domiciled SHL Holdings Ltd is to distribute nearly $14 million to its shareholders.
SHL said it has successfully monetised its interests in real property and an option on real property in Detroit, Michigan, and a certificate that can be presented to the City of Detroit for value when purchasing certain city-owned property at an amount in excess of its carrying value on the company’s most recent liquidation basis financial statements.
The distribution of approximately $13.9 million, or 16 cents per share, including the net proceeds, will be made on or about March 15 to shareholders of record as of February 25.
An aerial photo of the city of Detroit (File photograph)
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Published February 14, 2022 at 12:25 pm (Updated February 14, 2022 at 9:36 pm)
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