Community Service Communications approves final liquidating distribution.
TELECOMWORLDWIRE-July 17, 2015-Community Service Communications approves final liquidating distribution
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Community Service Communications, Inc., (OTC: CMYS) said the company's board of directors has approved a final liquidating distribution of USD0.31 per share to the holders of its common stock.
The distribution will be payable on or about August 5, 2015, to shareholders of record as of the close of business on July 27, 2015 and represents the release of all remaining corporate assets available to shareholders. No further shareholder distributions will be made.
The company also announced today that its transfer records will be closed, and the company's stock transfer agent will no longer recognize or record transfers of the company's common stock for any reason, effective on the Record Date for the Final Liquidating Distribution. There is no requirement for stockholders to surrender shares in connection with the Final Liquidating Distribution. The shares are valueless and no longer traded as of the Final Liquidating Distribution.
In connection with this Final Liquidating Distribution the company will take the necessary actions with NASDAQ to delist the company common stock and ticker symbol of "CMYS". The company will file a Certificate of Dissolution with the Maine Secretary of State shortly and effective on the date of such filing, the company will dissolve under Maine law.
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|Article Type:||Brief article|
|Date:||Jul 17, 2015|
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