Printer Friendly

CF INCOME PARTNERS L.P. ANNOUNCES BOARD AND INVESTMENT COMMITTEE RESIGNATIONS

 LOS ANGELES, June 28 /PRNewswire/ -- CF Income Partners L.P. (NYSE: CFI) a Los Angeles-based master limited partnership, today announced that William L. Callender, Gary W. Brummett, David B. Norton and Joseph Ursino had resigned as directors of CF Management Corp., the general partner of CF Income Partners L.P., and that Douglas J. Wallis and Brummett had resigned as members of the Investment Committee of CF Income Partners L.P. Each of these individuals is an officer of California Federal Bank, which is both the parent company of CF Management Corp. as well as CF Income Partners' principal lender.
 The individuals who resigned indicated they were doing so in the context of CF Income Partners' previously disclosed intention to restructure and refinance its outstanding debt, in order to avoid any conflicting interests the resigning individuals might otherwise have had in connection with such restructuring and refinancing.
 It was also announced the Leeann Morein, senior vice president and chief financial officer of CF Management Corp., had been elected a director. Morein joins the existing members of the board, Dennis A. Sondker, president and chief executive officer of CF Management Corp., and Albert C. Martin. Martin is the only director who is not an employee of CF Management Corp. The remaining members of CF Income Partners' Investment Committee are Raymond L. Bly Jr., Robert W. Draine, E. James Hunter Jr., David J. Reed Jr. and Dennis A. Sondker. Sondker is the only Investment Committee member who is affiliated with CF Management Corp.
 CF Income Partners L.P. is a publicly traded master limited partnership which has invested in income-producing multifamily residential, commercial and industrial properties.
 -0- 6/28/93
 /CONTACT: Barbara J. Pape, 213-930-6246, or Leeann Morein, senior VP and CFO, of CF Management Corp., 213-930-7050/
 (CFI)


CO: CF Income Partners L.P.; CF Management Corp. ST: California IN: FIN SU: PER

LM-JL -- LA008 -- 6179 06/28/93 11:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 28, 1993
Words:320
Previous Article:MITSUBISHI DEMONSTRATES LEADERSHIP IN CLOSED CAPTIONING TECHNOLOGY
Next Article:AETRIUM INCORPORATED FILES FOR INITIAL PUBLIC OFFERING
Topics:


Related Articles
CF INCOME PARTNERS L.P. ANNOUNCES SUSPENSION OF REGULAR DISTRIBUTIONS TO UNITHOLDERS
CF INCOME PARTNERS L.P. REPORTS 1992 SECOND QUARTER AND SIX-MONTH RESULTS
CF INCOME PARTNERS L.P. REPORTS 1992 YEAR-END RESULTS
CF INCOME PARTNERS L.P. REPORTS 1993 FIRST QUARTER RESULTS
CF INCOME PARTNERS L.P. ANNOUNCES AMERICAN CONTINENTAL PROPERTIES PROPOSES REVISED TERMS FOR ORIGINALLY ANNOUNCED ASSET SALE
CF INCOME PARTNERS L.P. ANNOUNCES TERMINATION OF DISCUSSIONS WITH AMERICAN CONTINENTAL PROPERTIES
CF INCOME PARTNERS L.P. SIGNS DEFINITIVE AGREEMENT TO SELL PARTNERSHIP ASSETS
CF INCOME PARTNERS L.P., ANNOUNCES CLOSING OF SALE OF PARTNERSHIP'S ASSETS
IGC Announces Plan to Restructure as REIT to Enhance Value
Forum Retirement Partners, L.P. Reports Second Quarter 1998 Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters