SeaCo Announces Dividend Payment
Bermuda-registered SeaCo Ltd. today [Jan.24] announced that the payment date for the previously announced First Liquidating Distribution of $0.65 per common share will be January 27, 2012.
The First Liquidating Distribution will be made to its shareholders of record as of the close of business on January 19, 2012.
SeaCo Ltd. is a shipping container investment and leasing group, which was formed in Bermuda in February, 2009 to hold the existing container leasing investments of Sea Containers Limited following its US Chapter 11 bankruptcy reorganisation.
The company owns a large container leasing firm, GE SeaCo, through a joint venture with General Electric. GE SeaCo offers shipping companies a variety of refrigerated units and heavy-cargo flatracks as well as standard dry cargo containers through almost a million twenty-foot equivalent units of capacity.
