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Amresco Shareholders Support Dissolution, Liquidation Plan

DALLAS-Amresco Capital Trust shareholders have approved the company's liquidation and dissolution under terms of a plan that has the blessing of its board of trust managers. The company's first liquidating distribution payment is 30 cents per share, payable Oct. 19 to shareholders of record Oct. 6.

By Connie Gore | Updated on September 27, 2000

DALLAS-Amresco Capital Trust shareholders have approved the company’s liquidation and dissolution under terms of a plan that has the blessing of its board of trust managers.

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.

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