NEGI" or the "Company") (formerly OTC Bulletin Board: NEGI) hereby announces the commencement of its final liquidation process and the procedures for making final liquidation distributions
to the stockholders of NEGI who held their shares as of the Final Record Date (defined below).
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.
The Company's Board of Directors (the "Board") fixed that same time and date as the final record date (the "Final Record Date") for determination of those Company stockholders entitled to receive liquidation distributions
, if and when authorized by the Board, under the Company's plan of complete dissolution and liquidation (the "NEGI Liquidation Plan").
The Company expects to make liquidation distributions
to the public stockholders as soon as practicable.
We are not able to predict the date or dates on which liquidation distributions
, if any, will be made to shareholders;
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
Accordingly, until such time as all matters related to the 1998 restatement have been concluded, the Board of Directors does not intend to make any further cash 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.
The Board of Directors does not expect to make any further liquidation distributions
to shareholders until final resolution of all matters, including potential indemnification claims, related to the restatement of the Company's financial results for 1998.
Holders of shares of the Fund's common stock will receive their liquidation distributions
without further action on their part.
Whether or not the stockholders approve the reverse stock-split, it is unlikely that any further liquidation distributions
will be made to shareholders until final resolution of all matters, including potential indemnification claims related to the restatement of the Company's financial results for the first three quarters of 1998.