Printer Friendly

CRI-SPONSORED TAX-EXEMPT BOND PARTNERSHIPS BEGIN TRADING ON THE AMERICAN STOCK EXCHANGE

 NEW YORK, July 1 /PRNewswire/ -- Capital Realty Investors Tax Exempt Fund Limited Partnership (Series I), Capital Realty Investors Tax Exempt Fund Limited Partnership (Series II) and Capital Realty Investors Tax Exempt Fund III Limited Partnership today commenced trading on the American Stock Exchange, the exchange announced today.
 Trading under ticker symbols, "CRA", "CRB" and "CRL" respectively, the Funds' securities, in the form of Beneficial Assignee Certificates (BACs), opened at 11:30 a.m. EDT. CRA opened at 12 1/4 on 500 BACs; CRB opened at 12-1/4 on 500 BACs; and CRL opened at 14 on 500 BACs. Spear, Leeds & Kellogg has been selected as the Funds' specialist firm.
 Two of the securities, CRA and CRB, are separate series of securities issued by one partnership, Capital Realty Investors Tax Exempt Fund Limited Partnership. The third security, CRL, was issued by a different partnership, Capital Realty Investors Tax Exempt Fund III Limited Partnership. Both partnerships, originally sponsored in 1986 and 1987 by the Rockville, Md.-based real estate investment firm, CRI, Inc., invested in federally tax-exempt mortgage revenue bonds used to finance multifamily housing.
 William B. Dockser, chairman of CRI, Inc. said, "This is the right time to try to provide liquidity for these partnerships and list them for trading on the American Stock Exchange. The market for traded real estate securities expanded greatly during this past year. We hope that investors seeking competitive yields will find the tax-exempt income of these funds to be worth considering."
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies, as well as a principal market to trade derivatives. No other exchange has balanced traditional and cutting edge trading products. And because of the efficiencies associated with the AMEX auction marketplace, investors of all sizes achieve the greatest value and protection.
 -0- 7/1/93
 /CONTACT: Melissa Grand, manager-equities communications of American Stock Exchange, 212-306-1635/
 (CRA CRB)


CO: Capital Realty Investors Tax Exempt Fund Limited Partnership ST: IN: FIN SU:

TS -- NY064 -- 7745 07/01/93 12:40 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:Jul 1, 1993
Words:355
Previous Article:MILWAUKEE LAND COMPANY LISTS ON THE AMERICAN STOCK EXCHANGE
Next Article:CONTINUUM ANNOUNCES COLOSSUS SALE
Topics:


Related Articles
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
PUTNAM INVESTMENT GRADE INTERMEDIATE MUNICIPAL TRUST LISTS ON THE AMERICAN STOCK EXCHANGE
NUVEEN GEORGIA PREMIUM INCOME MUNICIPAL FUND AND NUVEEN MISSOURI PREMIUM INCOME MUNICIPAL FUND LIST ON THE AMERICAN STOCK EXCHANGE
FIVE NEW NUVEEN FUNDS LIST ON THE AMERICAN STOCK EXCHANGE
NUVEEN CALIFORNIA PREMIUM INCOME MUNICIPAL FUND 2 IPO TRADES ON THE AMERICAN STOCK EXCHANGE
VAN KAMPEN MERRITT SELECT SECTOR MUNICIPAL TRUST LISTS ITS SHARES ON THE AMERICAN STOCK EXCHANGE
CRITEF PARTNERSHIPS FILE FORM 10-K/As TO RESTATE FINANCIAL STATEMENTS
CRITEF General Partners Sue Dominium for Violating Federal Securities Laws; Cite Misleading Statements About Proposed Mergers

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