Inheritance

BTB announces its distribution for the month of February 2019

Retrieved on: 
Friday, February 15, 2019
Common law, Equity, Inheritance, Trust law, Real estate investment trust

MONTRAL, Feb. 15, 2019 /CNW Telbec/ -BTB Real Estate Investment Trust (TSX:BTB.UN) announced today that the monthly cash distribution for the month of February 2019 is $0.035 per unit, representing $0.42 per unit on an annualized basis.

Key Points: 
  • MONTRAL, Feb. 15, 2019 /CNW Telbec/ -BTB Real Estate Investment Trust (TSX:BTB.UN) announced today that the monthly cash distribution for the month of February 2019 is $0.035 per unit, representing $0.42 per unit on an annualized basis.
  • The cash distribution will be paid on March15, 2019 to unitholders of record on February 28, 2019.
  • BTB is a real estate investment trust listed on the Toronto Stock Exchange.
  • Today, BTB owns 66 retail, office and industrial properties for a total leasable area of approximately 5.2 million square feet.

Whiting USA Trust II Announces Trust Quarterly Distribution

Retrieved on: 
Friday, February 8, 2019
Energy, Oil, Gas, Common law, Equity, Inheritance, Trust law, Hedge, Market

The February 2019 distribution includes production of 30,786 BOE attributable to four Keystone South farm-out wells, which production generated gross proceeds of $1.4 million during the fourth quarterly payment period of 2018.

Key Points: 
  • The February 2019 distribution includes production of 30,786 BOE attributable to four Keystone South farm-out wells, which production generated gross proceeds of $1.4 million during the fourth quarterly payment period of 2018.
  • All costless collar hedge contracts terminated as of December 31, 2014, and no additional hedges are allowed to be placed on Trust assets.
  • Additionally, the estimated time when the market price of the Trust units should decline to zero is based on the economic rights of the Trust units.
  • The trading price of the Trust units is affected by factors outside of the control of the Trust or Whiting, including actions of market participants, among others.

Sage Therapeutics Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Retrieved on: 
Thursday, February 7, 2019
Health, Biotechnology, Mental health, Pharmaceutical, Labour law, Inheritance, Property law, Vesting, Law, Salvia officinalis, Employment, Private law

The 2016 Inducement Equity Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Sage (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Sage, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.

Key Points: 
  • The 2016 Inducement Equity Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Sage (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Sage, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.
  • The PSUs will vest in increments if pre-established performance milestones are achieved, subject to the employees continued employment with Sage on such vesting dates.
  • The equity awards are subject to the terms and conditions of Sages 2016 Inducement Equity Plan, and the terms and conditions of equity award agreements covering the grants.
  • Sage Therapeutics is a clinical-stage biopharmaceutical company committed to developing novel medicines to transform the lives of patients with life-altering CNS disorders.

Hugoton Royalty Trust Advises That 2018 Individual Letters Will Not Be Mailed To Unitholders

Retrieved on: 
Wednesday, February 6, 2019
Common law, Equity, Inheritance, Trust law

Beginning in early March, unitholders may utilize the tax and depletion calculators on the trust's website, www.hgt-hugoton.com .

Key Points: 
  • Beginning in early March, unitholders may utilize the tax and depletion calculators on the trust's website, www.hgt-hugoton.com .
  • Additionally, unitholders may contact the trustee to request their individual letters for the tax year 2018 (or prior years) by email at [email protected] or by calling the trustee at 1-855-588-7839.
  • Tax booklets will continue to be mailed to registered Unitholders and will be available on the trust's website beginning in February.
  • Unitholders also are encouraged to contact their tax advisor regarding their individual circumstances with respect to their investment in the trust.

ProfNet Experts Available on Climate Disruption, Government Shutdown, More

Retrieved on: 
Wednesday, February 6, 2019
Taxation in the United States, Tax forms, Inheritance, Tax, Law, Legal entities, Economy of the United States, Tax return, Taxation in the United Kingdom, Limited liability company, Gift tax in the United States, Donald Trump

Gift tax returns could, for instance, show whether Trump has given away any assets and whether he has placed any into trusts.

Key Points: 
  • Gift tax returns could, for instance, show whether Trump has given away any assets and whether he has placed any into trusts.
  • Your run-of-the-mill person never files one in their entire life; your millionaire or billionaire files one every year.
  • They're going to have to dig down into returns filed by LLCs, partnership returns.
  • While with the government, Kaufman was the primary Treasury representative involved in the legislative and regulatory developments affecting the taxation of trusts and estates.

Northern Trust Pension Universe Data: Canadian Plan Sponsors Post Negative Returns in the Final Quarter of 2018

Retrieved on: 
Wednesday, February 6, 2019
Professional services, Finance, Economy, Money, Finance, Investment, Common law, Equity, Financial markets, Inheritance, Trust law, Rate of return

Investment returns for Canadian defined benefit plans witnessed a decline in the fourth quarter and closed out the year in negative territory, according to data from the Northern Trust Canada Universe.

Key Points: 
  • Investment returns for Canadian defined benefit plans witnessed a decline in the fourth quarter and closed out the year in negative territory, according to data from the Northern Trust Canada Universe.
  • Despite positive returns generated in the first half of 2018, the median Canadian plan concluded the year with a return of -1.0 percent, compared to 9.5 percent for 2017.
  • The Northern Trust Canada Universe tracks the performance of Canadian institutional investment plans that subscribe to performance measurement services as part of Northern Trusts asset servicing offerings.
  • Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

ECA Marcellus Trust I Announces Quarterly Distribution

Retrieved on: 
Tuesday, February 5, 2019
Energy, Oil, Gas, Prehistory of North America, Paleozoic, Sedimentary rocks, Common law, Equity, Inheritance, Trust law, Greylock, Marcellus Formation

The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (Greylock) in the Marcellus Shale formation in Greene County, Pennsylvania.

Key Points: 
  • The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (Greylock) in the Marcellus Shale formation in Greene County, Pennsylvania.
  • The Trust is entitled to receive certain amounts of the proceeds attributable to Greylocks interest in the sale of production from the properties.
  • The anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from Greylock with respect to the relevant quarterly period.
  • Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses.

Pacific Coast Oil Trust Announces February Cash Distribution

Retrieved on: 
Wednesday, January 30, 2019
Energy, Oil, Gas, Articles, Reputation management, Academic disciplines, Common law, Equity, Inheritance, Trust law, Human behavior, Delaware statutory trust, Trust

Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

Key Points: 
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.
  • Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses.

Windes Announces New Tax Partner

Retrieved on: 
Monday, January 28, 2019
Small business, Professional services, Accounting, Consulting, Taxation in the United States, Tax, Common law, Equity, Inheritance, Trust law, Generation-skipping transfer tax, Income tax, Law, Economy

Windes , a leading California accounting and advisory firm, today announced the appointment of Kevin H. Wiest as a partner in its Tax & Accounting Services practice .

Key Points: 
  • Windes , a leading California accounting and advisory firm, today announced the appointment of Kevin H. Wiest as a partner in its Tax & Accounting Services practice .
  • View the full release here: https://www.businesswire.com/news/home/20190128005617/en/
    Windes adds new Tax Partner - Kevin Wiest (Photo: Business Wire)
    Wiest joins Windes with nearly 20 years of professional experience at an established regional public accounting firm where he was a practice leader in its estate and trust services practice.
  • Wiests professional focus is helping high-net-worth individuals and their families minimize taxes through his comprehensive knowledge of individual income tax, estate and transfer taxes, fiduciary income tax, gift tax, generation skipping transfer tax, as well as post mortem planning, and estate and trust administration.
  • Windes is a leading audit, tax, and advisory firm for growth-oriented small and mid-sized privately held companies, nonprofit organizations, and high-net-worth individuals.

Mesabi Trust Announces Results of Special Meeting

Retrieved on: 
Thursday, January 24, 2019
Professional services, Banking, Finance, Equity, Law, Common law, Inheritance, Trust law, Trustee, Recreation Ground, Somerset

At the reconvened Special Meeting, 6,896,828 units of beneficial interest, representing approximately 52.56% of the total units outstanding, voted FOR the appointment of Robin M. Radke, as a successor trustee of Mesabi Trust.

Key Points: 
  • At the reconvened Special Meeting, 6,896,828 units of beneficial interest, representing approximately 52.56% of the total units outstanding, voted FOR the appointment of Robin M. Radke, as a successor trustee of Mesabi Trust.
  • This result also reflects that Ms. Radkes appointment to serve as trustee of Mesabi Trust was approved by 78.39% of all votes that were cast by Mesabi Trust Certificate Holders on this proposal.
  • At the reconvened Special Meeting, Proposal 2 to approve an amendment to the Agreement of Trust, which would increase the annual minimum compensation payable to each individual trustee and the corporate trustee, received 5,005,273 FOR votes, which represented 38.14% of total units outstanding, was NOT approved by Unitholders.
  • Under the Agreement of Trust, Proposal 2 required approval of at least 66 2/3% in interest of Trust Certificate Holders, or at least 8,746,674 units, and thus Proposal 2 was not approved.