I bought San Diego based BPP today at $3.90 ps because of WB.
It pays a $1.25 dividend if you get in quick.
>>SAN DIEGO, Dec 20, 2001 /PRNewswire via COMTEX/ -- As a result of the recently announced closing of eight properties to a joint venture led by affiliates of PO'B Montgomery & Company and Apollo Real Estate Advisors, Burnham Pacific Properties, Inc. (NYSE: BPP chart, msgs) today announced it will make a liquidating distribution of $1.25 per share to its common stockholders.
The distribution will be payable January 8, 2002 to stockholders of record as of the close of business on December 31, 2001. In addition to the liquidating distribution, proceeds from the sale of the eight properties will be used to reduce outstanding indebtedness and to satisfy other obligations.
Burnham Pacific Properties, Inc. is a real estate investment trust (REIT) that focuses on retail real estate. More information on Burnham may be obtained by visiting the Company's web site at
Warren Buffett: He probably knows something you don't know.
Warren Buffett, chairman of Berkshire Hathaway (nyse: BRK.A - news - people) and one of America's most watched investors, said on Wednesday in a regulatory filing that he holds a 5.06% stake in Burnham Pacific Properties Inc. (nyse: BPP - news - people), a San Diego, Calif.-based retail real estate company. Buffett disclosed the passive investment stake in a filing with the Securities and Exchange Commission. The 5.06% position was equal to about 1.6 million common shares.The filing did not disclose any transaction details, such as when the shares were purchased or at what prices. |
