As a result of the plan of liquidation and dissolution of the Company, it is estimated that the net proceeds to be distributed to stockholders will approximate .35 to .65 per share of common stock.
person (including a foreign corporation) is generally subject to the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”). 897(h)(1) or being exempt from taxation under Code Sec. Such regulations, if issued, would apply to distributions occurring on or after June 13, 2007.
Currently, we own a diverse group of properties, loans, securities and other real estate related assets.
For more information, please see the Our Assets section.
In light of the pending plan, the Company will cease paying regular quarterly distributions after payment of distributions declared for the second quarter of 2016 and instead expects to make final distributions to its stockholders on or before December 31, 2016.
There can be no assurances regarding the amounts of any distributions or the timing thereof.