Southeast Banking Corporation (fka STBPQ)

[MU_Redskin1]

Maxx ... this is what I think ... SEBC Holdings, LP the company we will swap our STBP stock for the "units" could evolve into a lucrative publicly traded limited partnership.

To investigate LP's start here ... http://www.naptp.org/

SEBC Holdings, LP will own the real estate valued at $34 (through SEBC Real Estate, LLC) ... and 60% of SEBC Financial Corporation "A" common stock, the company that the investor (MODENA 2004-1 LLC aka Merrill Lynch) has invested $1.639 billion dollars. This money will be invested by SEBC Financial Corporation in a defined ASSET BACKED TRUST which will yield income to be distributed to all.

$500 million is sitting on the sidelines waiting to buy in throught the investor too.

Your post is intriguing ...

The SEBC Organizational Corporate structure is clearly defined in the pro forma. That diagram should be easily discerned by a lawyer who specializes in LP's. I may just spend the cash to get a consultation.

Anyway here are some companies trading units as LP's.


Real Estate - Properties

New England Realty Associates, L.P.
AMEX
NEN

NTS Realty Holdings, L.P.
AMEX
NLP

W.P. Carey & Co. LLC
NYSE
WPC


Real Estate - Mortgage Securities

American First Tax Exempt Investors
NASDAQ
ATAX

Centerline Holding Company (formerly CharterMac)
OTC
CLNH.OB


Investment / Financial

Alliance Bernstein Holding L.P.
NYSE
AB

The Blackstone Group L.P.
NYSE
BX

Brookfield Infrastructure Partners
NYSE
BIP

Fortress Investment Group LLC
NYSE
FIG

Icahn Enterprises, L.P.

(formerly American Real Estate Partners)
NYSE
IEP

KKR Financial Holdings LLC
NYSE
KFN

Lazard, Ltd.
NYSE
LAZ

Och-Ziff Capital Management Group LLC
NYSE
OZM

I may be totally wrong on this but this is my hunch.

Best to all . good luck and good investing ...

MU_Redskin1