| Business Summary | | City
Investing
Company
Liquidating
Trust
(Trust)
provides
that
the
Trust
is
organized
for
the
sole
purpose
of
liquidating
the
Trust
Estate
(the
remaining
assets
and
liabilities
of
City
Investing
Company)
in
a
manner
calculated
to
conserve
and
protect
the
Trust
Estate,
and
to
collect
and
distribute
to
the
beneficiaries
proceeds
therefrom,
in
as
prompt
and
orderly
a
fashion
as
possible,
after
the
payment
of,
or
provision
for,
expenses
and
liabilities.
The
Trustees
are
required
to
distribute
to
the
beneficiaries
cash
or
other
property
comprising
a
portion
of
the
Trust
Estate
as
the
Trustees
may,
in
their
sole
discretion,
determine
may
be
distributed
without
detriment
to
the
ability
of
the
Trust
to
pay
or
discharge
claims,
expenses,
charges,
liabilities
and
obligations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | City
Investing
Company
Liquidating
Trust
was
organized
for
the
sole
purpose
of
liquidating
the
assets
and
liabilities
of
City
Investing
Co.
in
a
manner
to
conserve
and
protect
the
Trust
Estate
and
to
collect
and
distribute
the
beneficiaries
proceeds.
For
the
six
months
ended
6/30/01,
revenues
rose
42%
to
$2.7
million.
Net
income
rose
45%
to
$2.6
million.
Results
reflect
higher
yield
on
investment
securities
and
lower
SG&A
expenses
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Lester Mantell, 62 | Trustee | Eben Pyne, 82 | Trustee | Geo Scharffenberger, 80 | Trustee |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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