HAMILTON, Bermuda, Feb. 2022 (GLOBE NEWSWIRE) — SHL Holdings Ltd. (“Company”) announced that it has successfully monetized its interests in real estate and an option on real estate in Detroit, Michigan, and a certificate that can be presented to the City of Detroit for value upon purchase of certain city-owned properties in Detroit, Michigan, at an amount greater than its book value in the company’s most recent liquidation financial statements. In addition, the Company also announced that a distribution of approximately $13.9 million or $0.16 per share, including net proceeds, will be paid to shareholders of record as of February 25, 2022. The distribution will be made on or around March 15, 2022. .

About SHL Holdings Ltd.

SHL Holdings Ltd. (OTC: SYCRF) is a holding company domiciled in Bermuda. For more information, please visit www.shlholdings.com.

Important Information

This press release contains statements about future results, plans and events that may constitute “forward-looking” statements within the meaning of the United States federal securities laws. The Company cautions you that the forward-looking information presented in this press release is not a guarantee of future events and that actual events may differ materially from those expressed or implied by the forward-looking information contained in this press release. In addition, forward-looking statements can generally be identified by the use of forward-looking terms such as “may”, “plans”, “seeks”, “comfortable with”, “will”, “expects”, “has to ‘intent’, ‘estimate’, ‘anticipate’, ‘believe’ or ‘continue’ or their negative form or variations thereof or similar terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to, the factors described in the Company’s basic liquidation financial statements posted on its website at www.shlholdings.com. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update forward-looking statements to reflect the effect of circumstances or events occurring after the date on which the forward-looking statements are made.

Scott Beinhacker
SHL Holdings Ltd.
(212) 478-3699
[email protected]