1948

11/30/1948: Trust Securities valued at $575,758
"A Certificates not publicly offered in recent years".  (11/30/48: 322 Unit Shares)
NAV per participation, 11/30/48: $ 





NAV per participation, B (11/30/48) : $  (646 Units) valued at $ 1,165,192.
Distribution, B (1948): $ 

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)
 
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)