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Pohatcong Investors are sometimes hereinafter collectively
referred to as "Pohatcong Investors".
After the buyout of the O'Hayer family and the
corporate restructurings, the estate of Mr. de St. Aubin
held 100 percent of the common stock of Modern Globe and
approximately 68 percent of the common stock of Pohatcong
Investors. At the same point, decedent and her children
and grandchildren owned all of the remaining common stock
of Pohatcong Investors. However, at her death, decedent
owned no common or preferred stock of Pohatcong Investors
or Modern Globe, as a result of gifts made to her children
and grandchildren throughout her life.
From 1969 through 1988, Pohatcong Investors declared
dividends on its preferred stock every year. It paid
dividends on its common stock every year except 1970.
Modern Globe declared dividends on its preferred stock
nearly every year between 1968 and 1985. Modern Globe
paid dividends on its common stock in 4 of the 16 years
between Mr. de St. Aubin's death and decedent's death.
During decedent's lifetime, her husband's estate, the owner
of all the common stock of Modern Globe, received a total
of $178,873 in dividends on that common stock as follows:
6/14/71 $108,420
10/29/74 6,753
10/25/75 31,200
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Last modified: May 25, 2011