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MCRA Life Membership Trust on Track for a Good Year.

22 Oct 2018 6:45 AM | Anonymous member (Administrator)

The total earnings for the third quarter came to $ 919.88 This is in contrast with $ 704.20 received during the corresponding quarter of 2017, an increase of $ 215.68. A buyout of WGL Holdings early in the quarter resulted in a capital gain of $ 4,013.06. The proceeds of the buyout were used to buy 3M Corporation shares. 3M has a history of over 60 years of annual increased dividends.

The market value of the Trust on the end of the day on 30 September, 2018 was $ 113,424.20 compared with $ 105,253.71 at the end of 30 September, 2017, an increase of $ 8,170.79.

There have been no donations to the Trust and no new life memberships dues added to the Trust assets during the third quarter. The market value of the Trust assets has fluctuated somewhat during the quarter due to the uncertainty regarding the free trade/tarriff issue; however, the overall performance of the mix of assets in the Trust has resulted in a gain of $ 7,209.75 during the quarter. One dividend increase was announced during the third quarter, and at least one holding has announced a dividend increase during the fourth quarter. This will boost the regular dividend earnings by the Trust by a small amount for the fourth quarter. 

The Trust earnings projected to be paid to the Association in 2018 will be more than $3,940.00. The figure is expected to increase slightly if any other companies announce dividend increases. Since the philosophy used in selecting investments has been to buy shares in corporations with strong balance sheets and long histories of annual inceases in dividends, the membership can expect increased earnings paid to the Association in the years to come.

Interested parties may make donations directly to the Trust. Make your check payable to:

MCRA Life Membership Trust and mail to:

MCRA Life Membership Trust

c/o LtCol Thomas M. Howlett USMCR(Ret)

1370 Fox River Drive

De Pere, WI 54115-2403

Questions about the Trust should be submitted to:

LtCol Thomas "LPM" Howlett USMCR(Ret)

Chairman of the Board of Trustees and Investment Manager

lpm.usmc@gmail.com


Marine Corps Reserve Association
3619 Jefferson Davis Hwy
Suite 115
Stafford, VA  22554

877-289-8780 & 703-289-1204


MCRA LIFE TRUST 501 c(19) FEDERAL TAX ID: 53-0235297

MCRA EDUCATION TRUST 501c(3) FEDERAL TAX ID: 46-7247920


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