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Article: AMRESCO Capital Trust Reports Second Quarter Changes in Net Assets In Liquidation.
- Article from:
- PR Newswire
- Article date:
- August 30, 2001
CopyrightCOPYRIGHT 2001 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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DALLAS, Aug. 30 /PRNewswire/ --
AMRESCO Capital Trust (Nasdaq: AMCTE) reported today that net assets in liquidation decreased by $2.7 million during the quarter ended June 30, 2001. As of June 30, 2001, net assets in liquidation totaled $87.1 million (or $8.67 per share), down from $89.8 million (or $8.94 per share) at March 31, 2001. During the second quarter, revenues and expenses totaled $2.0 million and $0.5 million, respectively. Additionally, the company realized a loss of $0.5 million in connection with the discounted payoff of its Wayland (Massachusetts) office loan. Furthermore, during the period, the company reduced the carrying value of its remaining ...