Saturday, February 28, 2015
1949
11/30/1949: Trust Securities valued at $558,394
"A Certificates not publicly offered in recent years" (~ 1944?) (11/30/49: 363 Unit Shares)
NAV per participation, 11/30/49 : $
NAV per participation, B (11/30/49) : $ 15.911 (1,115 Units)
Distribution, B (1949): $
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)
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)
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)
1946
12/31/1946: Trust Securities valued at $560,124
"A Certificates not publicly offered in recent years" (12/31/46: 268 Unit Shares)
NAV per participation, 12/31/46: $
NAV per participation, B (12/31/46) : $ (204 Units) valued at $ 440,138.
Distribution, B (1946): $
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, and not greater assets until 1947.
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
1945
1/31/1946: Trust Securities valued at $ 660,799 ; cost $
NAV per participation, 1/31/46 : $ (265 Stock Units, 12/31/45)
Distribution (1945): $ 1.53586
Lexington Corporate Leaders Trust Fund was created 11/18/35 as Corporate Leaders Trust Fund Certificates, Series B began in 1944; 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.)
Citation: A Century of Stock Market Liquidity and Trading Costs, Charles M. Jones, Columbia Business School - Finance and Economics: May 23, 2002 (Appendix 2)
3/16/42 to 11/3/47
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
1944
Corporate Leaders Trust Certificates A: NA
Distribution (1944): $ 0.56462
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
1943
Corporate Leaders Trust Certificates A: NA
Distribution (1943): $ 0.55332
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
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