734 basis adjustment resulting from deferred liquidation distributions
to a retiring partner or a deceased partner's successor is to be made at the time of the transaction or as the payments were made.
It would also effectively implement congressional intent in repealing the General Utilities doctrine by not only taxing corporate level gains on corporate liquidation distributions
but also allowing the deduction for most losses at this level.
KBL cannot make any assurance as to when such plan will be completed and when liquidation distributions
will be made.
Accordingly, Victory cannot make any assurance as to when such plan will be completed and when liquidation distributions
will be made.
The Company expects to make liquidation distributions
to the public stockholders as soon as practicable.
NEW YORK -- Shanghai Century Acquisition Corporation (the "Company") (AMEX: SHA, SHAWS, SHAU) announced today that the Company has set August 28, 2008 as the record date ("Record Date") for determining the public stockholders entitled to receive liquidation distributions
However, unless and until these indemnification claims are resolved to the Company's satisfaction, the Company does not anticipate making any liquidation distributions
BOSTON -- AEW Real Estate Income Fund (AMEX: RIF) today announced the record date and payment dates for the liquidation distributions
on the Fund's common shares and preferred shares and for the final capital gain and ordinary income distributions on the Fund's common shares.
Holders of shares of the Fund's common stock will receive their liquidation distributions
without further action on their part.
The Fund will separately announce the record date and the payment date for any liquidation distributions
in respect of the Fund's shares of common stock (as noted in the Fund's proxy statement relating to today's special stockholders meeting).
The Company no longer operates an active business and has commenced liquidation distributions
to its shareholders.
The liquidation distributions
were approved by the Company's independent directors and disclosed in public reports filed by the Company with the Securities and Exchange Commission in May and August of this year.