MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST DECLARES LIQUIDATING DISTRIBUTION
MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
DECLARES LIQUIDATING DISTRIBUTION
NEW YORK, Dec. 16 /PRNewswire/ -- The trustees of the Management Assistance Inc. Liquidating Trust announced today that they have declared a cash distribution of $.43 per unit of beneficial interest to be paid on Jan. 9, 1992 to holders of record of the units outstanding on Dec. 31, 1991. This distribution is pursuant to the Plan of Complete Liquidation and Dissolution of Management Assistance Inc.
Daniel R. Kail, managing trustee, stated that the previously announced favorable decision in the Milton M. Blumenthal and Arthur F. Schwartz vs. Management Assistance Inc. class action enabled the trustees to distribute a significant portion of its litigation reserve.
/CONTACT: Daniel R. Kail of Management Assistance Inc. Liquidating Trust, 212-826-3666/ CO: Management Assistance Inc. Liquidating Trust ST: New York IN: SU: SH-SM -- NY061 -- 2566 12/16/91 13:50 EST