1939

6/30/1939: Trust Securities valued at $432,983 ; cost $521,970
11/30/1939: Trust Securities valued at $480,238 ; cost $528,716

NAV per participation, 7/17/39 : $ 15.38 (259 Stock Units, 6/30/39)


Distribution (1939): $ 0.41534

Lexington Corporate Leaders Trust Fund was created 11/18/35 as Corporate Leaders Trust Fund Certificates, Series B.  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) 
5% on first $3,000.
3.5% on next $9,000.
2% on anything more ($12,000.)


Trustee must purchase stock in units of 30.



Citation: A Century of Stock Market Liquidity and Trading Costs, Charles M. Jones, Columbia Business School - Finance and Economics: May 23, 2002 (Appendix 2)
1/3/38 to 3/16/42
Share price                             Minimum commission per 100 shares
$1 to $10                                 $4 + 1% of amount traded
Over $10                                 $13 + 0.1% of amount traded, rounded down to the nearest $1.00