DALLAS, Jan. 18 /PRNewswire/ -- AMRESCO Capital Trust (Nasdaq: AMCT)
announced today that it has completed the sale of its remaining CMBS holdings.
The company's three commercial mortgage-backed securities were sold on
January 18, 2001 at a net sales price of $16.5 million. Following the sale of
these securities, the company's investment portfolio is now comprised of five
mortgage loans and one equity investment in real estate.
As previously communicated, the company is liquidating its assets under a
plan of liquidation and dissolution. Shareholders approved the liquidation
and dissolution of the company on September 26, 2000.
AMRESCO Capital Trust specializes in providing senior and subordinated
structured financing to real estate owners and developers. For more
information about AMRESCO Capital Trust, please visit the web site at
http://www.amrescoct.com.
Contact:
Tom Lewis investorct@amresco.com
214-953-7820
SOURCE AMRESCO Capital Trust
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Related links:
http://www.amrescoct.com
CONTACT:
Tom Lewis of AMRESCO Capital Trust,
214-953-7820, or investorct@amresco.com
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