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CANAL-RANDOLPH LIMITED PARTNERSHIP ANNOUNCES FINAL LIQUIDATION

 NEW YORK, April 1 /PRNewswire/ -- The General Partners of Canal- Randolph Limited Partnership (OTC: CANLZ) today announced that April 30, 1993 will be the last day of Partnership operations. As of the close of business on April 30, 1993, the Partnership's transfer record books will be permanently closed and no further transfers of Partnership units will be recorded. A final cash liquidating distribution of approximately $0.40 to $0.45 per unit will be paid to unitholders of record on April 30, 1993. The actual amount of such final liquidating distribution may vary depending on the costs and expenses incurred in connection with the dissolution and winding up of the Partnership by the General Partners. After April 30, 1993, specific instructions for the surrender of partnership units will be sent to all unitholders who were holders of record on April 30, 1993.
 -0- 4/1/93
 /CONTACT: Reginald Schauder of Canal-Randolph Limited Partnership, 212-826-6040/
 (CANLZ)


CO: Canal-Randolph Limited Partnership ST: New York IN: SU:

SH-LR -- NY088 -- 2135 04/01/93 15:04 EST
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Publication:PR Newswire
Date:Apr 1, 1993
Words:173
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