Retail Holdings Nv (OTC:RHDGF)

WILLEMSTAD, Curacao, Sept. 16, 2014 /PRNewswire/ --  

Retail Holdings N.V. (Symbol:  RHDGF)

Retail Holdings N.V. (the "Company") announced that shareholders at the Company's Annual General Meeting today approved all of the pending resolutions, including the recommendation to pay a distribution to shareholders of $1.00 per Common Share.  The record date for shareholders to be entitled to receive the distribution is September 16, 2014.

U.S. shareholders are advised that the characterization of the distribution, as to whether it is a dividend or a return on capital for U.S.Federal income tax purposes, cannot be finally determined until the year end, at which time the Company will provide this information, but management now estimates that the entire distribution represents a return of capital.

ReHo is a holding company with three principal assets: 1) a 56.8% equity interest in Singer Asia, a distributor of consumer durable products in selected emerging markets in Asia, with consumer credit and other financial services available to qualified customers; 2) seller notes, primarily arising from the sale of the Singer worldwide sewing business and trademark; and 3) cash and cash equivalents. ReHo currently has no operating activities other than those carried out through Singer Asia.

The Company is a Netherlands Antilles public company, which is the successor company to the Singer Company N.V. and its predecessor companies. The Company, formerly known as Singer N.V., changed its name to Retail Holdings N.V. following the sale of the sewing business and the Singer trademark in September 2004. Price quotations for the Company's Shares are available on the "Pink Sheets" quotation service under the symbol "RHDGF".