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Article: AMRESCO Capital Trust Reports Fourth Quarter Changes in Net Assets In Liquidation.
- Article from:
- PR Newswire
- Article date:
- March 28, 2002
CopyrightCOPYRIGHT 2002 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 -- AMRESCO Capital Trust (BULLETIN BOARD: AMCT) reported today that net assets in liquidation decreased by $1.6 million (or $0.16 per share) during the quarter ended December 31, 2001. As previously communicated, the company has been liquidating its assets under a plan of liquidation and dissolution; shareholders approved the liquidation and dissolution of the company on September 26, 2000. As of December 31, 2001, net assets in liquidation totaled $15.6 million (or $1.55 per share), down from $17.2 million (or $1.71 per share) at September 30, 2001. During the fourth quarter, revenues and expenses totaled $0.4 million and $0.8 million, respectively. ...