Syncora shareholders overwhelmingly approve company’s plan of liquidation

Michael Esposito, Frederick Arnold, Robert Mills, Robert Strong and Robert Lichten have resigned from Syncora Holdings’ board of directors, after shareholders approved the board’s  recommendation to adopt its plan of liquidation.

More than 99 percent of the shareholders that attended Syncora’s special general meeting in person or by proxy voted in favor of the plan. The same number of shareholders approved the board's recommendation to merge Syncora Holdings US into Syncora Holdings.

Following the meeting, Syncora will distribute $415 million, or $4.767 per share, to shareholders of record as of January 29. The distribution will be made on January 31.