In connection with the company's exit from Chapter 11 reorganization, AeroCentury has paid the previously-approved special cash dividend of $0.6468 per share to that hold shares of Common Stock of the company as of the effective date of the restructuring plan prior to the sale and issuance of Common Stock of the company to the plan sponsor investors led by YuCheng Hu. The record date for the Dividend and the effective date of the Plan was September 30, 2021. The Dividend was paid to the Legacy Shareholders on October 13, 2021.
Yucheng Hu, the Company's Chief Executive Officer, said: "We are very pleased to distribute the special cash dividends to the legacy shareholders which represent the return and gratitude to the shareholders. We look forward to bringing growing earnings to shareholders through development of the Company's legacy aircraft leasing business and potential new business. AeroCentury is poised to continue meeting our capital return commitments across diversified development and creating enhanced shareholder value.