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Enterprising Investor

11/23/23 12:20 PM

#81 RE: Enterprising Investor #80

Net assets in liquidation increased by $4.6 million during the three months ended September 30, 2023. The increase was primarily due to a net increase of $4.3 million in the estimated liquidation value of the Company’s investment in Worldwide Plaza primarily resulting from an increase in estimated distributions from working capital and property operations and a $0.3 million net increase due to a remeasurement of estimated receipts and costs primarily related to an increase of estimated interest income.

Enterprising Investor

11/23/23 12:22 PM

#82 RE: Enterprising Investor #80

Debt on Worldwide Plaza bears interest at a blended rate of approximately 3.98% per annum, requires monthly payments of interest only and matures in November 2027.