Announcement • Apr 01
Keweenaw Land Association, Limited, Annual General Meeting, Jul 10, 2024 Keweenaw Land Association, Limited, Annual General Meeting, Jul 10, 2024, at 09:00 Central Standard Time. Announcement • Dec 28
An unknown buyer completed the acquisition of Timber Assets of Keweenaw Land Association, Limited. An unknown buyer entered into a definitive agreement to acquire Timber Assets of Keweenaw Land Association, Limited on November 23, 2021. The consideration will be paid in cash. Keweenaw will retain ownership of 428,789 acres of subsurface mineral rights and will continue to trade as a public company while the board continues to explore the most efficient structure for its remaining assets. The transaction is subject to shareholder approval, completion of buyer’s inspection period, and other customary closing conditions. As of December 20, 2021, over 96% of shareholders who voted elected to approve the transaction. Three of Keweenaw Land Association, Limited's largest shareholders, including Cornwall Capital and First Foundation, which are funds affiliated with members of Keweenaw Land Association, Limited's board of directors, and The 1911 Trust have executed voting support agreements in favor of the transaction. The transaction is expected to close by the end of 2021. As of December 27, 2021, the timber sale transaction is expected to close on December 27, 2021.
An unknown buyer completed the acquisition of Timber Assets of Keweenaw Land Association, Limited on December 27, 2021. Payment of the first special distribution of $92 per share is scheduled to be made on December 31, 2021, to shareholders of record as of the close of business on December 27, 2021. Announcement • Nov 24
An unknown buyer entered into a definitive agreement to acquire Timber Assets of Keweenaw Land Association, Limited. An unknown buyer entered into a definitive agreement to acquire Timber Assets of Keweenaw Land Association, Limited on November 23, 2021. The consideration will be paid in cash. Keweenaw will retain ownership of 428,789 acres of subsurface mineral rights and will continue to trade as a public company while the board continues to explore the most efficient structure for its remaining assets. The transaction is subject to shareholder approval, completion of buyer’s inspection period, and other customary closing conditions. Three of Keweenaw Land Association, Limited's largest shareholders, including Cornwall Capital and First Foundation, which are funds affiliated with members of Keweenaw Land Association, Limited's board of directors, and The 1911 Trust have executed voting support agreements in favor of the transaction. The transaction is expected to close by the end of 2021. 
