Saturday, February 28, 2015
1942
Corporate Leaders Trust Certificates A: NA
Distribution (1942): $ 0.55993
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 1/16/42
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
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
1941
6/29/1940: Trust Securities valued at $ ; cost $
NAV per participation, 6/29/40 : $ 14.14 (274 Stock Units, 6/29/40)
Distribution (1941): $ 0.53511
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.)
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
1940
11/30/1939: Trust Securities valued at $480,238 ; cost $528,716
6/29/1940: Trust Securities valued at $ ; cost $
NAV per participation, 6/29/40 : $ 14.14 (274 Stock Units, 6/29/40)
Distribution (1940): $ 0.52637
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) 5%
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)
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
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
1938
6/30/1938: Trust Securities valued at $369,864 ; market value, cost $449,524
NAV per participation, 8/17/38 : $ 14,868 (230 Stock Units)
Corporate Leaders Trust Certificates A: NA
Distribution (1938): $ 0.46715
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.)
Insurance premium $1.10/mo per $1,000 unpaid balance
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
January 3, 1938 to March 16, 1942
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
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
1936
Lexington Corporate Leaders Trust Fund was created 11/18/35 as Corporate Leaders Trust Fund Certificates, Series A, scheduled to terminate 11/30/1975. Series B was created in 1944.
Moody's 1938: "payments to be made thereon over a period of 20 years at the rate of $15. or more per month. Payments may be made monthly, quarterly, semi-annually or annually.
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%.
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.
Distribution (J 1936): $ 0.027583, (D 1936): $ 0.17.71305
NAV $19,862
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
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