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Re: Enterprising Investor post# 223

Monday, 05/07/2018 6:10:24 PM

Monday, May 07, 2018 6:10:24 PM

Post# of 1495
TPL cash on hand was $71.301 million at 3/31/18.

Down from $79.580 million at 12/31/17.

The trust purchased and retired 13,146 Sub-shares in the open market during the first quarter. Average cost per share paid was $510.32 ($6.709 million).

Dividends paid in the quarter used another $31.652 million.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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