1947

12/31/1947: Trust Securities valued at $589,564
"A Certificates not publicly offered in recent years"  (12/31/47: 308 Unit Shares)
NAV per participation, 11/30/47: $ 

NAV per participation, B (12/31/47) : $  (404 Units) valued at $ 770,823
Distribution, B (1947): $ 


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

Citation: A Century of Stock Market Liquidity and Trading Costs, Charles M. Jones, Columbia Business School - Finance and Economics: May 23, 2002 (Appendix 2)
 
March 16, 1942 to November 3, 1947
Share price                             Minimum commission per 100 shares
$1 to $10                                 $5 + 1% of amount traded
$10 to $90                              $12.75 + 0.25% of amount traded, rounded down to the nearest $0.25
Over $90                                $35
  
November 3, 1947 to November 9, 1953
Share price                             Minimum commission per 100 shares
$1 to $10                                 $5 + 1% of amount traded
$10 to $40                              $10 + 0.5% of amount traded
Over $40                                $26 + 0.1% of amount traded (with a $50 maximum)