本文发表在 rolia.net 枫下论坛GEORGE TOWN, Grand Cayman, Apr 24, 2015 (GLOBE NEWSWIRE via COMTEX) --
Home Loan Servicing Solutions, Ltd. ("HLSS" or the "Company") HLSS today announced that on April 20, 2015 it received a letter from the Listing Qualifications Staff ("Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that Nasdaq has determined to delist the ordinary shares of the Company from Nasdaq pursuant to the Staff's discretionary authority under Listing Rule 5101, effective at the opening of business on April 29, 2015.
As disclosed on April 10, 2015, HLSS intends to pay a liquidating distribution in the aggregate amount of approximately $1.2 billion, or $16.613 per share (the "Distribution Amount"), on April 27, 2015. Following the payment of the Distribution Amount, HLSS intends to file a proxy statement in connection with a proposed merger of HLSS with a subsidiary of New Residential Investment Corp. ("New Residential"). Upon the consummation of the proposed merger, holders of ordinary shares of the Company at the effective time of the merger will receive an aggregate of approximately $50 million, or $0.704059 per share, and all shares of HLSS will automatically be cancelled.
The Company does not intend to appeal the Staff's decision.
The distribution will be made pursuant to the Plan of Complete Liquidation and Dissolution previously adopted by the Company and is intended to be treated as a payment in exchange for a holder's ordinary shares for U.S. federal income tax purposes. Holders are urged to consult their tax advisors as to the tax consequences of the distribution (including the application of the passive foreign investment company, or "PFIC," rules) in light of their particular circumstances.更多精彩文章及讨论，请光临枫下论坛 rolia.net
Home Loan Servicing Solutions, Ltd. ("HLSS" or the "Company") HLSS today announced that on April 20, 2015 it received a letter from the Listing Qualifications Staff ("Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that Nasdaq has determined to delist the ordinary shares of the Company from Nasdaq pursuant to the Staff's discretionary authority under Listing Rule 5101, effective at the opening of business on April 29, 2015.
As disclosed on April 10, 2015, HLSS intends to pay a liquidating distribution in the aggregate amount of approximately $1.2 billion, or $16.613 per share (the "Distribution Amount"), on April 27, 2015. Following the payment of the Distribution Amount, HLSS intends to file a proxy statement in connection with a proposed merger of HLSS with a subsidiary of New Residential Investment Corp. ("New Residential"). Upon the consummation of the proposed merger, holders of ordinary shares of the Company at the effective time of the merger will receive an aggregate of approximately $50 million, or $0.704059 per share, and all shares of HLSS will automatically be cancelled.
The Company does not intend to appeal the Staff's decision.
The distribution will be made pursuant to the Plan of Complete Liquidation and Dissolution previously adopted by the Company and is intended to be treated as a payment in exchange for a holder's ordinary shares for U.S. federal income tax purposes. Holders are urged to consult their tax advisors as to the tax consequences of the distribution (including the application of the passive foreign investment company, or "PFIC," rules) in light of their particular circumstances.更多精彩文章及讨论，请光临枫下论坛 rolia.net