Dekania Corp. Announces Record Date for Liquidation Distribution
13 2월 2009 - 7:00AM
PR Newswire (US)
PHILADELPHIA, Feb. 12 /PRNewswire-FirstCall/ -- Dekania Corp. (NYSE
Alternext US: DEK; DEK.WS; DEK.U) (the "Company") announced today
that it has set February 18, 2009 as the record date for
determining the stockholders entitled to receive liquidating
distributions. The Company has instructed its transfer agent,
American Stock Transfer & Trust Company, to close its stock
transfer books as of the close of business on February 18, 2009.
The distributions are expected to be made on or about February 27,
2009. Pursuant to the Company's plan of liquidation, the Company
will make a liquidating distribution of $10.00 per share of common
stock issued in the Company's initial public offering to the
holders of record as of February 18, 2009. The Company will
liquidate the amounts held in its trust account and will also draw
upon its letter of credit in order to make the liquidating
distribution of $10.00 per share of common stock. No payments will
be made with respect to any of the Company's outstanding warrants
or to any of the Company's initial stockholders with respect to the
shares owned by them prior to the initial public offering.
Forward-Looking Statements Any statements contained in this press
release that do not describe historical facts may constitute
forward-looking statements as that term is defined by the United
States Private Securities Litigation Reform Act of 1995. Any such
forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and
uncertainties that may cause actual results to differ materially
from expectations such as material adverse events affecting the
Company, the ability of the Company to complete a business
combination and those other risks and uncertainties detailed in the
Company's filings with the Securities and Exchange Commission.
Contact Information: David Nathaniel Secretary and Chief Investment
Officer Tel - 646-673-8020 http://www.dekaniacorp.com/ DATASOURCE:
Dekania Corp. CONTACT: David Nathaniel, Secretary and Chief
Investment Officer, +1-646-673-8020, Web Site:
http://www.dekaniacorp.com/
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