INVG Mortgage Securities makes announcement.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 16, 1996--INVG Mortgage Securities Corp. (OBB OBB Oberbayern (German: Upper Bavaria) OBB Oriented Bounding Box (computer physics simulation collision detection) OBB Old Blue Box (Ragnarok Online Game) : INVG INVG Ingolstädter Verkehrsgesellschaft mbH (Ingolstadt, Germany bus operator) INVG Improved Night Vision Goggles ) reported that the company no longer meets the requirements to qualify as a Real Estate Investment Trust. This is a result of a solicitation of information from shareholders conducted by the Harris Trust Company of New York and Kissel This article is about a dessert. For the car company, see Kissel Motor Car Company. Kissel (Kisiel in Polish, kiisseli in Finnish) is a popular dessert in Eastern and Northern Europe. Blake Inc. regarding shareholders' direct and indirect beneficial ownership of the corporation's common stock. The results indicated that almost 55% of the outstanding shares were owned by five individuals. Based on this information the corporation no longer qualifies to be taxed as a REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). in 1996. The company will not be eligible to re-elect re·e·lect also re-e·lect tr.v. re·e·lect·ed, re·e·lect·ing, re·e·lects To elect again. re to be taxed as a REIT until the beginning of its 2001 tax year. The company has called a Special Shareholders' meeting on Nov. 21, 1996, to consider a proposal to amend and restate its By Laws. CONTACT: Healy & Partners for INVG Mortgage Securities Maury Healy, 415/546-6166 |
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