September 19/Lake Mary, Fla./PRNewswire -- Heathrow Natural Food & Beverage Inc. announced that its board of directors approved a spin-off of all current food and beverage related operations into Heathrow Enterprises LLC, a private entity. In conjunction with the spin-off transaction, the company will concurrently acquire the assets and operations of Aurum Guaranty, a financial services firm.
All HRNF shareholders of record at close of business September 30, 2011, will receive a pro rata distribution of 10% of the newly formed Heathrow Enterprises LLC. All shareholders will retain their ownership in HRNF and also own equity shares in Heathrow Enterprises, LLC. The equity shares will be entitled to an annual dividend based on the profits of the LLC.