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Article: Angeles Mortgage Investment Trust Announces Dividend of Class A Share Purchase Rights
- Article from:
- PR Newswire
- Article date:
- November 12, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WESTLAKE VILLAGE, Calif., Nov. 12 /PRNewswire/ -- Angeles Mortgage Investment Trust (AMEX: ANM) announced today that its Board of Trustees has adopted a Shareholders Rights Plan and has declared a dividend of one Right on each outstanding share of the Trust's Class A Shares. The Plan is designed to ensure the fair treatment of shareholders in connection with any potential takeover of the Trust and to guard against partial tender offers, squeezeouts, open market accumulations and other abusive tactics to gain control of the Trust. Ronald J. Consiglio, President and Chief Executive Officer of Angeles Mortgage Investment Trust, stated: "The actions announced today ...