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
