1937

1/30/1937: Trust Securities valued at $223,456 ; market value $207,835

NAV per participation, 12/31/36 : $ 19,862

Distribution (1937): $ 0.53305

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

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.
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)

Trustee must purchase stock in units of 30.
U.S. Steel
DuPont
General Electric
Allied Chemical
International Harvester
Union Carbide & Carbon
American Tobacco, B
Westinghouse Electric
Sears, Roebuck
American Radiator
American Can
Borden
Woolworth
Eastman Kodak
Proctor &Gamble
National Biscuit
Otis Elevator

American Telegraph and Telephone
Consolidated Gas (NY)
North American Co.
United Gas Improvement
Columbia Gas & Electric
Pacific Gas & Electric Co.

Standard Oil (NJ)
Socony-Vacum Corp.
Standard Oil (CA)

Pennsylvania R.R.
New York Central
Atchison
Union Pacific



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