1936

Lexington Corporate Leaders Trust Fund was created 11/18/35 as Corporate Leaders Trust Fund Certificates, Series A, scheduled to terminate 11/30/1975. Series B was created in 1944.

Moody's 1938: "payments to be made thereon over a period of 20 years at the rate of $15. or more per month. Payments may be made monthly, quarterly, semi-annually or annually.


Issuance fee $75 (any number of certificates) deductible from initial payment(s)
Annual fee $3.60; Accounts over $1,000 on 12/1 of any year not charged annual fee.
Service fee (front load) on par value of participation (certificates issued) 5%.


Maintenance fee of  .08333% per month of market value of Trust Fund.

$0.30 distribution fee; no J&D distributions under $1.00; fee waived for all reinvested distributions.
Termination fee $10.; convertibility fee $10.


Distribution (J 1936): $ 0.027583, (D 1936): $ 0.17.71305

NAV $19,862




Citation: A Century of Stock Market Liquidity and Trading Costs, Charles M. Jones, Columbia Business School - Finance and Economics: May 23, 2002 (Appendix 2)

10/30/24 to 1/3/38
Share price                             Minimum commission per 100 shares
$1 to $9.875                           $7.50
$10 to $99.875                      $12.50 + 0.1% of amount traded, rounded down to the nearest $2.50
$100 to $199.875                  $25
$200 and over                       $10 + 0.1% of amount traded, rounded down to the nearest $5