The shareholders OK'd the proposal yesterday, when 78.5% of Amresco's outstanding common shares were cast in favor of the pro-dissolution action. The shareholders also showed backing for the re-election of Bruce W. Duncan and Robert H. Lutz Jr. to serve as trust managers for three years or until final articles of dissolution have been filed.
The first liquidating distribution payment is 30 cents per share, payable Oct. 19 to shareholders of record Oct. 6. Amresco Capital Trust specializes in senior and subordinated structured financing to real estate owners and developers. It is managed by a subsidiary of Amresco Inc., a Dallas-based small- and middle-market business lending operation.
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