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MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST REPORTS QUARTERLY RESULTS

MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST REPORTS QUARTERLY RESULTS
 NEW YORK, Oct. 15 /PRNewswire/ -- The trustees of the Management Assistance Inc. Liquidating Trust reported today that expenses exceeded income by $29,000 for the quarter ended Sept. 30, 1992. Net assets were $3,044,000 as of such date. Based on 6,770,020 units of beneficial interest outstanding, the value of net assets was $.45 per unit on Sept. 30, 1992, as compared with $.89 per unit on Dec. 31, 1991. The Liquidating Trust paid a liquidating distribution of $.43 per unit on Jan. 9, 1992.
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Net Assets in Liquidation (Unaudited)
 (Thousands of dollars)
 9/30/92 12/31/91
 Assets:
 Cash and cash equivalents $2,957 $5,989
 Tax refund receivables 148 148
 Annuities 3,357 3,357
 Total 6,462 9,494
 Liabilities:
 Pension liabilities 3,357 3,357
 Accrued liabilities 61 61
 Total 3,418 3,418
 Net assets $3,044 $6,076
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Income and Expenses (Unaudited)
 (Thousands of dollars)
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Income:
 Interest income $ 29 $ 89 $ 158 $336
 Expenses:
 General and administrative exps. 55 55 252 264
 Expenses applicable to Management
 Assistance Inc. 3 22 27 48
 Total 58 77 279 312
 (Shortage) excess of income over
 exps. allocable to beneficiaries $(29) $ 12 $(121) $ 24
 There were 6,770,020 units of beneficial Interest outstanding at the beginning and end of each of the periods.
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statement of Changes in Net Assets in Liquidation (Unaudited)
 (Thousands of dollars)
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Net assets at beginning
 of period $3,073 $ 6,089 $6,076 $6,077
 (Shortage) excess of income
 over expenses allocable to
 beneficiaries (29) 12 (121) 24
 Total 3,044 6,101 5,955 6,101
 Liquidating distribution -- -- (2,911) --
 Net assets at end of period $3,044 $6,101 $ 3,044 $6,101
 MANAGEMENT ASSISTANCE INC. LIQUIDATNG TRUST
 Statements of Cash Flows (Unaudited)
 Increase (Decrease) in Cash and Cash Equivalents
 (Thousands of dollars)
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Cash flows from operating
 activities:
 (Shortage) excess of income
 over expenses applicable
 to beneficiaries $ (29) $ 12 $ (121) $ 24
 Adjustments to reconcile
 (shortage) excess of income
 over expenses applicable to
 Beneficiaries to net cash
 provided by operating activities
 - increase (reduction) in
 accrued liabilities -- -- -- (1)
 Net cash provided by operating
 activities (29) 12 (121) 23
 Cash flows from financing
 activities:
 Liquidating distributions paid -- -- (2,911) --
 Net decrease in cash and cash
 equivalents (29) 12 (3,032) 23
 Cash and cash equivalents
 at beginning of period 2,986 6,002 5,989 5,991
 Cash and cash equivalents
 at end of period $2,957 $6,014 $2,957 $6,014
 -0- 10/15/92
 /CONTACT: Daniel R. Kail, managing trustee of Management Assistance Inc. Liquidating Trust, 212-826-3666/ CO: Management Assistance Inc. Liquidating Trust ST: New York IN: FIN SU: ERN


GK-EE -- NY046 -- 0400 10/15/92 12:02 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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