Printer Friendly

LINCOLN N.C. REALTY FUND ANNOUNCES DIVIDEND

 LINCOLN N.C. REALTY FUND ANNOUNCES DIVIDEND
 PALO ALTO, Calif., March 31 /PRNewswire/ -- LINCOLN N.C. REALTY


FUND INC. (AMEX: LRF) announced today that its board of directors had declared on March 26, 1992, a special dividend in the amount of $3.90 per share payable on May 19, 1992, to shareholders of record on April 21, 1992. The special dividend is the result of the company's sale of its Rancho Bernardo property and the payoff of its Atherton Oaks loan.
 The company also confirmed through its accountants that all dividends paid out by the company for the 1991 calendar year are return of shareholders' capital investment. Such dividends may be treated in this manner when a company has negative current earnings (1991) and/or there are negative prior years' earnings and profits.
 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 698 Emerson Street, Palo Alto, Calif. 94301, and its telephone number is 415-329-8867.
 -0- 3/31/92
 /CONTACT: William F. Garlock of Lincoln N.C. Realty Fund Inc., 415-329-8867/
 (LRF) CO: Lincoln N.C. Realty Fund Inc. ST: California IN: FIN SU: DIV


RM-AC -- SJ009 -- 3622 03/31/92 17:21 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 31, 1992
Words:212
Previous Article:COLUMBIA LABORATORIES SIGNS LETTER OF INTENT FOR TWO PATENTED WOMEN'S HEALTH CARE DIAGNOSTIC TESTS
Next Article:50-OFF STORES, INC. REPORTS FOURTH QUARTER AND FISCAL 1992 RESULTS
Topics:


Related Articles
LINCOLN N.C. REALTY FUND ANNOUNCES DIVIDEND
GOLDEN CORRAL REALTY ENTERS INTO NEGOTIATIONS TO PURCHASE PROPERTIES FOR STOCK AT $10 PER SHARE AND RETAIN NEW ADVISER
GOLDEN CORRAL REALTY CORPORATION ENTERS INTO STOCK PURCHASE AGREEMENT
LINCOLN N.C. REALTY FUND ANNOUNCES DIVIDEND
LINCOLN N.C. REALTY FUND ANNOUNCES DIVIDEND
LINCOLN N.C. REALTY FUND ANNOUNCES SHAREHOLDERS MEETING ADJOURNMENT, DIVIDEND DECLARATION
INCOME OPPORTUNITY REALTY TRUST ANNOUNCES RESUMPTION OF QUARTERLY DIVIDENDS
LINCOLN N.C. REALTY TENDER OFFER
REGENCY REALTY CORPORATION ANNOUNCES INITIAL CASH DIVIDEND AND RESULTS FOR THE PERIOD ENDED DECEMBER 31, 1993
CARR REALTY CORPORATION ANNOUNCES SECOND QUARTER DIVIDEND AND EARNINGS

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