More from CEO letter:
In addition to the quality deal flow, another attractive aspect of Redwood Capital’s business strategy is the potential value of each closed transaction. Most of our newsletter readers are familiar with the equity piece earned by Redwood Capital for its participation in the acquisition of Dalian Chuming by Energroup Holdings Corporation, a U.S. public “shell” company. The signifi cant value from transactions such as these, with a goal of 4 successful closings per year, would provide a strong asset base for the company. It also paves the way for planned dividends of stock to S3 shareholders. We are still working on a distribution plan for dividends and will update our shareholders as soon as possible.