The shareholders OK'd the proposal yesterday, when 78.5% ofAmresco's outstanding common shares were cast in favor of thepro-dissolution action. The shareholders also showed backing forthe re-election of Bruce W. Duncan and Robert H. Lutz Jr. to serveas trust managers for three years or until final articles ofdissolution have been filed.
The first liquidating distribution payment is 30 cents pershare, payable Oct. 19 to shareholders of record Oct. 6. AmrescoCapital Trust specializes in senior and subordinated structuredfinancing to real estate owners and developers. It is managed by asubsidiary of Amresco Inc., a Dallas-based small- and middle-marketbusiness lending operation.
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