READ THIS: ENTI (National Properties Trust) to own all of the real estate that is owned or that will be acquired by the company's affiliates. Thereafter, the company will aggressively begin to evaluate commercial and residential real estate portfolios for acquisition by the company in Nevada, Florida, Utah, Delaware, Maryland, South Carolina, Illinois, Ohio, Connecticut, and Iowa.
As soon as is practicable following the transfer to and/or acquisition of the initial real estate portfolios by National Properties Trust,the company will either file a registration statement on Form S-1 under the Securities Act of 1933 (with a subsequent registration statement on Form 8-A(12-B) under the Securities Exchange Act of 1934 together with a notice of election on Form N54-A under the Investment Company Act of 1940) or on Form N-2 under the Investment Company Act of 1940, to register all of its then authorized debt and equity securities. The company's ultimate goal is to conduct itself as a real estate investment trust. Mr. Hudson indicated that the company will undertake the registration of its securities during the third or fourth calendar quarter of 2014.
- Following the effectiveness of its registration statement(s) and after acquiring a certain number of real estate assets, the company intends to apply for a listing on the NYSE Alternext Tier (formerly the American Stock Exchange). Mr. Hudson indicated this would not occur prior to the end of the first calendar quarter of 2015.
