AEW Real Estate Income Fund Announces Record and Payment Dates for Liquidation Distribution and Final Capital Gain and Ordinary Income Distributions for the Fund.BOSTON -- AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Real Estate Income Fund (AMEX AMEX See: American Stock Exchange : RIF Rif (rĭf) or Rif Atlas, range of the Atlas Mts., NE Morocco, NW Africa, curving along the Mediterranean coast from Ceuta to Melilla. Tidighin (8,056 ft/2,455 m) is the highest peak. ) today announced the record date and payment dates for the liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy distributions on the Fund's common shares and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. and for the final capital gain and ordinary income distributions on the Fund's common shares. The record date for the liquidation distribution as well as for the final capital gain and ordinary income distributions on the Fund's common shares will be Monday, April 9, 2007. The transfer agent books of the Fund will be closed as of the close of regular trading on that date. Shareholders' respective interests in the Fund's assets will be fixed at that time and will not be transferable. The common shares of the Fund will cease to be traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. at the close of regular trading on Monday, April 9, 2007. Owners of record of the Fund's common shares as of the close of regular trading on the American Stock Exchange on Monday, April 9, 2007 will receive a liquidation distribution equal to the Fund's net asset value per common share for each common share owned as well as final capital gain and ordinary income distributions. These distributions will be paid on Friday, April 13, in cash; there will be no dividend reinvestments. The liquidation distribution will represent the Fund's net asset value per share on Thursday, April 12 after deducting the Fund's final capital gain and ordinary income distributions. Holders of the Fund's common shares will receive these distributions without further action on their part. Any share certificates held after the liquidation of the Fund will no longer evidence an ownership interest in the Fund, will have no value and will not be accepted by the Fund's transfer agent. Owners of record of the Fund's preferred shares as of the close of business on Monday, April 9, 2007 will be paid their liquidation preference, equal to $25,000 per share plus accumulated but unpaid dividends Unpaid dividend A dividend declared by the directors of a corporation that has not yet been paid. unpaid dividend 1. A declared dividend that has not yet been paid. 2. See passed dividend. , on Tuesday, April 10, 2007. Dividends will accumulate Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security through the close of business on Monday, April 9, 2007. After April 2, 2007, there will be no more weekly auctions for the Fund's preferred shares. After receipt of the liquidation preference, preferred shareholders will have no right or claim to any of the remaining assets of the Fund. The Fund intends to issue an additional press release providing an update regarding the amounts of liquidation, capital gain and ordinary income distributions. Costs associated with the liquidation will be borne by the Fund. |
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