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The Stelle Group
_________________________________________________________________________________ P.O. BOX 75, QUINLAN, TX 75474, U.S.A. January
7, 1987 Dear
<Philadelphia Fund contributor>: As indicated in the
last issue of The Stelle Group Letter (Vol. 21, No. 8); Richard Kieninger has
recently informed us that Philadelphia is to be located in the Dallas area
and not on an island in the Pacific. Therefore, the Board of Trustees of The
Stelle Group has elected to terminate the Philadelphia Fund because it is now
evident that the purpose for which the Fund was established, acquiring an
island in the Pacific, is no longer appropriate. You have two options regarding the disposition of
your contribution to the Philadelphia Fund. You can: 1. Elect to transfer your previous contribution(s) to
the Philadelphia Fund into the General Operating Account of The Stelle Group. 2. Elect to have your previous contributions) to the
Philadelphia Fund refunded to you. (If you have taken a tax deduction for
this contribution, the refund will be subject to Federal Income Tax in the
year received.) As part
of the conclusion of Fund, our auditors, McCarthy, Rose, and Mills, Certified
Public Accountants, are conducting an examination of the financial statements
of The Stelle Group Philadelphia Fund. As part of this examination, we ask
that you confirm the amount of your contribution to the fund since its
inception. As of the close of business on September 30, 1986, our
records indicate that your contribution to The Stelle Group Philadelphia Fund
is $10.00. We ask that you indicate whether you elect to get a
refund or transfer your contribution(s) to the General Operating Account on
the enclosed form. In addition, we ask that you verify the amount of your
contribution(s) to the Philadelphia Fund. If the amount stated above is
incorrect, please indicate any difference. Please mail the vote and
verification form to our auditors using the postage-paid envelope provided. Your
assistance is greatly appreciated. Sincerely, Robert
B. Machiz Corporate
Secretary |
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