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BPP LIQUIDATING TRUST On June 28, 2002, Burnham
Pacific Properties, Inc. ("Burnham") transferred its remaining
assets to (and its remaining liabilities were assumed by) the trustees of the
BPP Liquidating Trust, Scott C. Verges and Douglas Wilson (the "Trustees")
in accordance with Burnham's Plan of Complete Liquidation and Dissolution,
and Burnham was dissolved. On that
date, Burnham's common stock was delisted by the New York Stock Exchange and
a Form 15 was filed with the Securities and Exchange Commission
("SEC") terminating the registration of Burnham's common stock
under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). Under the terms of
the Liquidating Trust Agreement, dated as of June 28, 2002, between Burnham
and the Trustees, each stockholder of Burnham as of the close of business on
the Record Date, automatically became the holder of one unit of beneficial
interest in the BPP Liquidating Trust for each share of Burnham common stock
then held of record by such stockholder.
Beneficial interests in the BPP Liquidating Trust are not represented
by any form of certificate or other instrument. On December 29, 2005, the Trustees made a final distribution of the trust assets, which completed the distribution of the remaining trust assets. Whereas the Trustees have determined the liabilities and all other claims, expenses, charges, and other obligations of the Trust have been paid or discharged and all remaining Trust assets have been distributed; accordingly, the Trust has been terminated in accordance with the Liquidating Trust Agreement effective as of this date. The Trustees intend to file a final report to the Beneficiaries and a Form 10-K with the Securities and Exchange Commission for the fiscal year ended December 31, 2005 within sixty days of dissolution. For additional information on
Burnham prior to its dissolution, you may read the filings Burnham made with
the SEC on and before |
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