Fog Cutter Capital, formerly Wilshire REIT Message Board

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Non-Tech : Fog Cutter Capital, formerly Wilshire REIT

FCCG 3.420

0.0%

Sep 2 5:00 PM EST

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To: Paul Lee who started this subject	1/7/2002 4:51:57 PM
From: leigh aulper	of 44

Fog Cutter Capital Group Inc. 2001 Distributions Classified as Return of Capital PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 7, 2002--Fog Cutter Capital Group Inc. (Nasdaq: FCCG), an opportunistic investment group specializing in mortgage and real estate related assets, has determined that all of the Company's distributions to shareholders made during 2001 should be classified as "return of capital" distributions for tax purposes. During 2001, Fog Cutter made total payments to stockholders of $0.6128 per share, including $0.2218 per share paid to stockholders of record as of September 30, 1998, a rights redemption payment of $0.001 per share to stockholders of record as of October 10, 2001 and three payments of $0.13 per share each to stockholders at various record dates in 2001. The distributions made during 2001 will be reported to the IRS in Box 3 of Form 1099-DIV, "Nontaxable Distributions". Shareholders are encouraged to consult with their tax advisors for information regarding the specific tax treatment of these distributions.

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