Reported Earlier, Howard Hughes Board Approves Plans To Spin Off Seaport Entertainment With 1-For-9 Pro Rata Share Distribution
Reported Earlier, Howard Hughes Board Approves Plans To Spin Off Seaport Entertainment With 1-For-9 Pro Rata Share Distribution
Howard Hughes Holdings announced today that its Board of Directors has authorized and declared a pro rata distribution of 100% of the outstanding shares of common stock of Seaport Entertainment Group Inc. ("Seaport Entertainment") to holders of record of HHH common stock as of the close of business on July 29, 2024 (the "Record Date"). The Distribution is expected to be payable after market close on July 31, 2024 (the "Distribution Date"). As a result of the Distribution, holders of HHH common stock will receive one share of Seaport Entertainment common stock for every nine shares of HHH common stock held at the close of business on the Record Date.
霍华德休斯控股今日宣布，其董事会已授权并宣布按比例分配 Seaport Entertainment Group Inc.（“Seaport Entertainment”）的全部普通股的100％，分配日期为2024年7月31日（“分配日”），配股权记录日期为2024年7月29日（“记录日”），预计分配后市场关闭。由于此次分配，持有 HHH 普通股的持有人将在记录日收市时拥有的每九股 HHH 普通股中获得一股 Seaport Entertainment 普通股。