Retail Holdings N.V. Announces Distribution, Annual Meeting And Distribution Record Dates

WILLEMSTAD, Curacao, Aug. 14, 2013 /PRNewswire/ -- Retail Holdings N.V. ("ReHo" or the "Company") (Symbol:  RHDGF) announced today that the Company's Annual General Meeting (the "AGM") will be held in Curacao on September 27, 2013.  On or about August 19, 2013, proxy material for the AGM will be sent to Shareholders of record as at August 14, 2013.  The Proxy Statement and a copy of the Proxy Card are available to Shareholders on the Corporate/Investor section of the Company's website: www.retailholdings.com.

The Board of Directors is recommending for Shareholder approval at the AGM, a distribution of $1.00 per Common Share, bringing the total dividend/distributions paid to Shareholders since inception of the program in 2007 to $8.75 per Common Share. Assuming Shareholders accept the recommendation of the Board, the record date for the distribution, primarily representing a repayment from the account paid-in surplus, will be September 27, 2013. The distribution will be paid on or about October 18, 2013.

About Retail Holdings

The Company holds three principal assets: 1) a 55.9% 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) the SVP Notes, arising from the sale of the Singer worldwide sewing business and trademark in 2004; and 3) cash and cash equivalents. 

ReHo is a Curacao public company which is the successor company to the Singer Company N.V. and its predecessor companies.  Price quotations for the Company's Shares are available on the "Pink Sheets" quotation service under the symbol "RHDGF".

Additional financial and other information about the Company, including: audited consolidated financial statements for the twelve months ended December 31, 2012, and all prior statements since September 2000, together with the Auditor's Reports thereon; the 2012 Annual Report, dated March 2013, and all prior Disclosure Statements and Reports since September 2000; and copies of all semi-annual and quarterly reports and press releases since September 2000; may be found at the Corporate/Investor section of the Company's website.

For further information, please contact Amy Pappas at 1-914-241-3404.

SOURCE Retail Holdings N.V.