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Ironwood, Michigan, December 27, 2021 (Global News Agency) – Keweenaw Land Association, Limited (OTC:KEWL) Today announced the completion of the previously announced timber asset sale. It is planned to pay the first special distribution of US$92.00 per share on December 31, 2021 to shareholders of record at the close of business on December 27, 2021. As of the date of this press release, most shares of Cede & Co. (the nominee of the depositary trust company) are held as official record holders. The share registration date for this distribution is December 27, 2021, which is only applicable to registered shareholders such as Cede & Co. and other registered shareholders who directly hold shares through our transfer agent. The company understands that the ex-dividend date set by the Financial Industry Regulatory Authority (“FINRA”) on January 3, 2022 actually determines which beneficiaries or “street name” holders will be eligible for this distribution. Being beneficial The owner’s investors should contact their broker if they have any questions about the ex-dividend date for this distribution.See https://otce.finra.org/otce/dailyList Any updates regarding the distribution date and ex-dividend date.
The company has previously stated that it hopes to reduce the size of its board of directors as it enters the next chapter to focus on the operation of its mineral assets. three…
The full story can be found on Benzinga.com
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