Apple REITs Six, Seven and Eight
Investment funds controlled by a California-based firm have made yet another offer to shareholders of Apple REITs Six, Seven and Eight. The funds, owned by MacKenzie Patters Fuller, sent a letter to Apple REIT shareholders offering to buy up to 5 million shares in each fund for $4 per share in Apple REITs Seven and Eight and $5 in Apple REIT Six, a total offer of $65 million. MacKenzie made an offer in early June to buy the shares at $3 each but received hardly a nibble from investors. The firm’s offer is open until Oct. 28.
Apple REIT Ten
The only open fund in the Apple portfolio closed Sept. 1 on the purchase of two more hotels for a total of $44.8 million. The properties are two Hilton Garden Inns: one in Mason, Ohio, for $14.8 million and one in Omaha, Neb., for $30 million.
Eastern Virginia Bankshares
COO James Thomas bought 1,000 shares for $2.45 each. He now owns almost 7,000 shares.
Markel
Director Douglas Eby sold 123 shares for about $48,000 or about $392 per share. Eby still owns 224 shares of Markel stock.
Director Debora Wilson bought 131 shares for $382 each or about $50,000. She owns 959 shares of Markel stock.
MeadWestvaco
Many of the company’s top executives received varying amounts of shares valued at $27.52 each as part of MWV’s deferred income plan.
Media General
The company’s top executives received shares of phantom stock. The shares convert to stock when said executive leaves the company.
Union First Market Bankshares
Douglas Caton, a director, bought 1,790 shares for $10.96 each. He owns more than 400,000 shares of Union stock.
Universal Corp.
Karen Whelan, a vice president and treasurer, sold 6,033 shares for $41.11 per share or about $248,000. She then sold another 4,567 shares for $41.08 or $187,000. She still owns more than 55,000 shares of universal stock.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].
Apple REITs Six, Seven and Eight
Investment funds controlled by a California-based firm have made yet another offer to shareholders of Apple REITs Six, Seven and Eight. The funds, owned by MacKenzie Patters Fuller, sent a letter to Apple REIT shareholders offering to buy up to 5 million shares in each fund for $4 per share in Apple REITs Seven and Eight and $5 in Apple REIT Six, a total offer of $65 million. MacKenzie made an offer in early June to buy the shares at $3 each but received hardly a nibble from investors. The firm’s offer is open until Oct. 28.
Apple REIT Ten
The only open fund in the Apple portfolio closed Sept. 1 on the purchase of two more hotels for a total of $44.8 million. The properties are two Hilton Garden Inns: one in Mason, Ohio, for $14.8 million and one in Omaha, Neb., for $30 million.
Eastern Virginia Bankshares
COO James Thomas bought 1,000 shares for $2.45 each. He now owns almost 7,000 shares.
Markel
Director Douglas Eby sold 123 shares for about $48,000 or about $392 per share. Eby still owns 224 shares of Markel stock.
Director Debora Wilson bought 131 shares for $382 each or about $50,000. She owns 959 shares of Markel stock.
MeadWestvaco
Many of the company’s top executives received varying amounts of shares valued at $27.52 each as part of MWV’s deferred income plan.
Media General
The company’s top executives received shares of phantom stock. The shares convert to stock when said executive leaves the company.
Union First Market Bankshares
Douglas Caton, a director, bought 1,790 shares for $10.96 each. He owns more than 400,000 shares of Union stock.
Universal Corp.
Karen Whelan, a vice president and treasurer, sold 6,033 shares for $41.11 per share or about $248,000. She then sold another 4,567 shares for $41.08 or $187,000. She still owns more than 55,000 shares of universal stock.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].