In connection with AeroCentury Corp.’s (the “Company”) impending exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No. 0282 (the “Plan”), which Plan was previously described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 31, 2021, the Company today announced details regarding the special dividend (the “Dividend”) to be paid to stockholders (“Legacy Shareholders”) that hold shares of Common Stock of the Company as of the effective date of the Plan prior to the sale and issuance of Common Stock of the Company to the plan sponsor group led by YuCheng Hu (“Plan Sponsor:”).
The record date for the Dividend will be September 30, 2021, which is the anticipated effective date of the Plan. The dividend rate will be $0.6468 per share. The payment date will be October 13, 2021. The Dividend payment is conditioned upon the closing of the Common Stock investment of the Plan Sponsor and the Plan being declared effective by the Company.