SouthCorp Capital Announces Dividend and Acquisition of Commercial Property
04 9월 2014 - 8:30PM
Business Wire
SouthCorp Capital, Inc. (OTCQB: STHC) announced today the
Company’s Board of Directors has voted to issue a dividend and the
purchase of its initial property.
Dividend: The dividend will
be $.0002 per share (or approximately $50,000). The record date
will be September 15, 2014. As of September 3, 2014, there are
249,057,315 shares outstanding.
For those shareholders who own shares in a brokerage account,
the Company will be wiring the dividend payment directly to
Depository Trust Corporation or DTC. DTC will allocate and deposit
the aggregate dividend payment among the various brokerage firms
for payment to the shareholder’s individual account. If
shareholders have any questions please feel free to contact us at
info@southcorpcapital.com
Commercial Property: The
Company has acquired 2 joining commercial properties in Indiana. We
have begun working on redeveloping the properties. The plans being
drafted will include retail and commercial space on the ground
floor and apartments located on the 2nd floor. The Company expects
to have between 15,000 and 30,000 feet of office space and up to 12
apartments.
These properties are in addition to the 1.5 acres of vacant land
that is currently having plans drawn to build an apartment building
with up to 32 units.
The Company’s goal is acquire or build 50 apartment/houses to be
used for rental income and to flip 1-3 houses per quarter.
About SouthCorp Capital.
Southcorp Capital, Inc. is a Delaware corporation. The Company
focus is on the acquisition and renovation of single-family and
mutli-family properties in the U.S with the intent of reselling the
property after renovations have occurred. Our real estate
investments are expected to focus properties undervalued
and/or in need of some repairs.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
Contacts:SouthCorp Capital, Inc.Joseph
Wade661-418-7842info@southcorpcapital.comwww.southcorpcapital.com
SouthCorp Capital, Inc.Joseph Wade,
661-418-7842info@southcorpcapital.comwww.southcorpcapital.com
Southcorp Capital (CE) (USOTC:STHC)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Southcorp Capital (CE) (USOTC:STHC)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
