Paradise, Inc. Announces Final Distribution to Shareholders

Rhea-AI Summary

Paradise, Inc. announces a final liquidating distribution of $2,338,200, equating to $4.50 per share, approved by its Board of Directors. This distribution will be paid on or after December 28, 2021 to shareholders of record by December 27, 2021. This marks the conclusion of the Company’s wind-down process, following similar distributions made previously. Shareholders with stock held in 'street name' should contact their brokerage for payment details.

Positive

• Final distribution of $4.50 per share totaling $2,338,200 approved, providing a return to shareholders.

Negative

• The company's wind-down process indicates cessation of operations, which may lead to loss of future investment opportunities.

PLANT CITY, Fla., Dec. 16, 2021 /PRNewswire/ -- Paradise, Inc. (the "Company") today announced that its Board of Directors approved the final and liquidating distribution to shareholders in the aggregate amount of $2,338,200, or $4.50 per share.  This final distribution will be paid on or after December 28, 2021 to shareholders of record as of the close of business on December 27, 2021.   The Company expects to follow the same payment procedures as for the prior three distributions.   A shareholder holding shares of the Company's common stock in "street name" should contact his or her brokerage firm, bank, trust or other nominee for details on how payment will be made.

This final distribution concludes the Company's wind-down process. 

View original content:https://www.prnewswire.com/news-releases/paradise-inc-announces-final-distribution-to-shareholders-301445128.html

SOURCE Paradise, Inc.

FAQ

What is the date of Paradise, Inc.'s final distribution to shareholders?

The final distribution will be paid on or after December 28, 2021.

How much will shareholders receive in the final distribution from Paradise, Inc.?

Shareholders will receive $4.50 per share in the final distribution.

What is the total amount approved for the final distribution by Paradise, Inc.?

The total amount approved for the final distribution is $2,338,200.

Who is eligible for the final distribution from Paradise, Inc.?

Shareholders of record as of the close of business on December 27, 2021, are eligible for the final distribution.

How should shareholders in 'street name' receive their final distribution from Paradise, Inc.?

Shareholders holding shares in 'street name' should contact their brokerage firm for payment details.