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LINCOLN N.C. REALTY FUND ADJOURNS UNTIL NOV. 25, 1992

 LINCOLN N.C. REALTY FUND ADJOURNS UNTIL NOV. 25, 1992
 PALO ALTO, Calif., Oct. 28 /PRNewswire/ -- Lincoln N.C. Realty


Fund Inc. (AMEX: LRF) announced today that its board of directors adjourned until 10 a.m. (Pacific Standard Time) on Nov. 25, 1992, the Special Meeting of Stockholders, originally scheduled for today. The adjournment was necessary to provide the company the time necessary to resolve certain issues that have arisen in connection with the sale of the company's Wrigley Creek Property, the terms of which sale were disclosed in the company's Proxy Statement dated Oct. 2, 1992. As a result of the changes which may have to be made to the structure of the transaction, the board anticipates that the aggregate distributions made in liquidating the company (if such sale and liquidation are approved by the stockholders at the Special Meeting when reconvened) may be reduced to $4.90 per share, or less, depending on the costs incurred to resolve certain issues to the buyer's satisfaction. The company will disseminate an addendum to the Proxy Statement describing the revised sale terms as soon as possible.
 The company is a real estate investment trust. Its securities are listed on the American and Pacific Stock Exchanges. The company's principal executive offices are located at 645 High St., Palo Alto, CA 94301, and it telephone number is 415-329-8867.
 -0- 10/29/92 R
 /CONTACT: William F. Garlock of Lincoln N.C. Realty Fund, 415-329-8867/
 (LRF) CO: Lincoln N.C. Realty Fund Inc.; Wrigley Creek Property ST: California IN: FIN SU:


GT -- SJ002 -- 6397 10/29/92 08:40 EST
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Publication:PR Newswire
Date:Oct 29, 1992
Words:266
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