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National Retail Properties, Inc. Message Board

  • What does this Captec settlement mean? I used to own Craptec and I got screwed by the bad guy in charge over there. How much do I get out of the settlement, or did they agree to pay him more money?

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    • I don't know the answer to your question, if anything I have more questions. It seems a shareholders rights group sued to recover a loss. NNN may have gotten a good deal but had to pay the piper in the end. Here is the press release: "Included in first quarter 2003 net earnings was a $2,413,000 non-recurring charge taken in connection with the settlement of the previously disclosed appraisal rights litigation related to the Company's 2001 acquisition of Captec Net Lease Realty... Accordingly, the Company views the outcome as favorable and will be able to avoid the cost of continued litigation."So NNN had to pay off the sewers (sic). Who knew that real estate could be nasty business. Oh, well I guess we move on from here. The dividend is safe and the future looks bright.

 
NNN
39.25+1.08(+2.83%)Dec 17 4:06 PMEST

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