Chastain Capital (CHAS) Message Board

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Strategies & Market Trends : Chastain Capital (CHAS)

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To: Paul Lee who wrote ()	10/1/1999 6:23:00 PM
From: leigh aulper	of 20

Chastain Capital Announces Shareholder Approval for Asset Sales and Plan of Liquidation and Dissolution ATLANTA--(BUSINESS WIRE)--Oct. 1, 1999--Chastain Capital Corporation (Nasdaq/NM: CHAS) today announced that its shareholders have adopted two agreements to sell a portion of the Company's assets to Insignia Opportunity Partners and to BankBoston, N.A. at the Company's annual meeting of shareholders held on October 1, 1999. The Company also announced that its shareholders approved a Plan of Liquidation and Dissolution of the Company at the annual meeting. The Company expects to close the sale of assets to Insignia during October 1999 and expects to close the sale of assets to BankBoston during November 1999.

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