SYCRF - SHL Holdings announces sale of real estate assets in Detroit

SHL Holdings (OTCPK:SYCRF) said it monetized its interests in real property and an option on real property in Detroit, Michigan, and a certificate that can be presented to the City of Detroit for value when purchasing certain city-owned property in Detroit at an amount in excess of its carrying value on the Company’s most recent liquidation basis financial statements. SYCRF also said a distribution of ~$13.9M, or $0.16/share, including the net proceeds, will be made to shareholders of record as of Feb. 25. The distribution will be made on or about Mar. 15.

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SHL Holdings announces sale of real estate assets in Detroit