Teekay Corporation Outlines Corporate Flexibility

Teekay (TK) has released an update.

Teekay Corporation Ltd., originally established in Liberia and later redomiciled in the Republic of the Marshall Islands, has announced its unrestricted corporate objectives and confirmed its financial structure with an authorized share capital of $25,725,000. This includes 725 million common shares and 25 million preference shares, with the flexibility to engage in landholding, share redemption, repurchase, and treasury stock activities. The company’s members’ liability is limited to the amount unpaid on their shares.

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