WT holds shares on "Mutual Trust Sharehold...

by Gerard 18 Replies latest watchtower scandals

• 

  Gerard

  I just found another company on which the Watchtower is a shareholder:

  MUTUAL FUND TRUST , located in: 522 Fifth Avenue, New York, New York 10036

  The WT is listed as a shareholder under the name of:

  WATCHTOWER BIBLE & TRACT SOCIETY OF PENNSYLVANIA

  ATTN TREASURERS OFFICE

  DOMESTIC CASH MANAGEMENT

  25 COLUMBIA HTS BROOKLYN NY 11201-1300

  Percentage held: 5.51%

  THE FUND'S OBJECTIVE:

  The Fund aims to provide the highest possible level of current income while still maintaining liquidity and preserving capital.

  THE FUND'S MAIN INVESTMENT STRATEGY The Fund invests in high quality, short-term money market instruments which are issued and payable in U.S. dollars. The Fund principally invests in:

  • high quality commercial paper and other short-term debt securities, including floating and variable rate demand notes of U.S. and foreign corporations
  • debt securities issued or guaranteed by qualified banks. These are:

  U.S. banks with more than $1 billion in total assets, and foreign branches of these banks - foreign banks with the equivalent of more than $1 billion in total assets and which have branches or agencies in the U.S.

  • other U.S. or foreign commercial banks which the Fund's adviser, J.P. Morgan Fleming Asset Management (USA) Inc. (JPMFAM (USA)), judges to have comparable credit standing - securities issued or guaranteed by the U.S. government, its agencies or instrumentalities.

  The Fund invests only in U.S. dollar denominated securities that have the highest possible short-term rating from at least two national rating organizations, or one such rating if only one organization rates that security.

  The Fund seeks to maintain a net asset value of $1.00 per share.

  WHO MAY WANT TO INVEST?:

  THE FUND IS DESIGNED FOR INVESTORS WHO:

  • WANT AN INVESTMENT THAT STRIVES TO PRESERVE CAPITAL
  • WANT REGULAR INCOME FROM A HIGH QUALITY PORTFOLIO
  • WANT A HIGHLY LIQUID INVESTMENT
  • ARE LOOKING FOR AN INTERIM INVESTMENT
  • ARE PURSUING A SHORT-TERM GOAL.

  THE FUND IS NOT DESIGNED FOR INVESTORS WHO:

  • ARE INVESTING FOR LONG-TERM GROWTH
  • ARE INVESTING FOR HIGH INCOME

  • REQUIRE THE ADDED SECURITY OF FDIC INSURANCE

  http://www.sec.gov/Archives/edgar/data/919034/000104746902007862/a2087860z485bpos.txt
• 

  DocBob

  I just found another company on which the Watchtower is a shareholder:

  MUTUAL FUND TRUST , located in: 522 Fifth Avenue, New York, New York 10036

  The WT is listed as a shareholder under the name of:

  WATCHTOWER BIBLE & TRACT SOCIETY OF PENNSYLVANIA

  ATTN TREASURERS OFFICE

  DOMESTIC CASH MANAGEMENT

  25 COLUMBIA HTS BROOKLYN NY 11201-1300

  Percentage held: 5.51%

  Okay, after a couple false starts, I think I have this figured out. Tell me if I got this right or not. Looking at the link you posted, it looks to me like the WTBTS of PA is actually listed as 5.51% owner of the J P Morgan Liquid Assets Money Market Fund:

  LIQUID ASSETS MONEY MARKET FUND JP MORGAN CHASE BANK AS AGENT FOR 8.10%
  (INSTITUTIONAL SHARES) PAUL G ALLEN
  ATTN SPECIAL PRODUCTS
  500 STANTON CHRISTIANA RD
  1/OPS 3
  NEWARK DE 19713
  JP MORGAN CHASE BANK AS AGENT FOR 6.45%
  ICO GLOBAL COMMUNICATIONS
  ATTN SPECIAL PRODUCTS
  500 STANTON CHRISTIANA RD
  1/OPS 3
  NEWARK DE 19713
  JPMORGAN CHASE BANK 5.81%
  LIPPER CONVERTIBLES LP
  ATTN: FUND OPERATIONS 3/OPS3
  500 STANTON CHRISTIANA ROAD
  NEWARK DE 19713-2105
  JP MORGAN SECURITIES LENDING ASSET 5.77%
  MANAGEMENT
  ATTN ADAM BRINTON
  4 NEW YORK PLZ FL 18
  NEW YORK NY 10004-2413
  BEAR STEARNS SECURITIES CORP 5.77%
  1 METROTECH CTR N
  BROOKLYN NY 11201-3870
  WATCHTOWER BIBLE & TRACT SOCIETY OF 5.51%
  PENNSYLVANIA
  ATTN TREASURERS OFFICE DOMESTIC CASH
  MANAGEMENT
  25 COLUMBIA HTS
  BROOKLYN NY 11201-1300
  

  If you go to http://www.jpmorganfunds.com/index.jsp?uuid=F11404F1E66B3AD4-10390318391991990&fund=2252&team_id=3 and click on "Fund Profile" under "Fund Literature", it will tell you that the fund assets are $1.69 Billion. If you take 5.51% of that $1.69 Billion comes to $93,119,000. That is some serious money!

  BTW, notice that Paul Allen owns 8.1% of the same fund. Wasn't Allen partner with Bill Gates when they started Microsoft?

  Interesting stuff all around.

  Edited by - DocBob on 6 February 2003 22:6:8

  Edited by - DocBob on 6 February 2003 22:12:13

  Edited by - DocBob on 6 February 2003 22:34:15
• 

  avengers

  I just found another company on which the Watchtower is a shareholder:

  Hooray! Another nail for the coffin. You people outthere are just incredible. Just keep on shoveling and hammering.

  Maybe that money can be used for a fund for all the abused children and battered families. I say Watchtower it's Payback Time.!!

  Andy of the super disappointed in the "leaders" of the Watchtower class.
• 

  Sirona

  Where can I find a list of what companies the WTBTS are involved in?

  Thanks
• 

  MikeMusto

  how is this a nail in the coffin?
• 

  Gerard

  How's this a nail in the coffin?

  The WT and its Kingdom Halls can't claim bankrucy when faced with several multi-million-dollar law suits.

  Maturity schedule

  See reverse for important disclosure information.

  icy

   Competitive yields  Same-day liquidity Broad diversification of securities Proprietary credit research Competitive transaction rates and prompt execution of trades  Declared daily and paid monthly  May be reinvested or received in cash by check or by wire  Shares accrue dividends on the day the trade is executed through and including the day before the redemption is executed  Immediately available upon the complete redemption of the account

  Fund statistics Average Days to Maturity 64

  Fund Assets (in billions) $1.69

  $1.69 Billion. If you take 5.51% of that $1.69 Billion comes to $93,119,000. That is some serious money!

  ---

  I believe we just found WT's "gold nest".

  Gerard

  Edited by - Gerard on 7 February 2003 12:13:58

  Edited by - Gerard on 7 February 2003 12:16:10
• 

  NameWithheld

  Now we know where part of that 931 million dollars is sitting! Amazing that a 'non-profit' org would have so much free capital sitting around huh? Shouldn't it be tied up in building KHs and charities? Oh, right I forgot WT doesn't 'do' chairty.
• 

  happy man

  doc bob.

  this must be a very bigg sensation if it is the truth, can you tell me how you find who are the investors to this fond, i casn not find this on the site as you prefer to, if we want to show this to peopel we must have the site from JP Morgan , so please give the ino how you find it.

  HM
• 

  Gerard

  Happyman,

  If you go to http://www.jpmorganfunds.com/index.jsp?uuid=F11404F1E66B3AD4-10390318391991990&fund=2252&team_id=3 and click on "Fund Profile" under "Fund Literature", it will tell you that the fund assets are $1.69 Billion. If you take 5.51% of that $1.69 Billion comes to $93,119,000. That is some serious money!
• 

  link

  I believe that the WT holds Charitable status in the U.S.A and is exempt from some taxes such as property tax etc. Please correct if Im wrong.

  If this is the case they will be compelled by law to disclose full details of their income and expenditure including the value of all assets, the amount of cash on deposit and the interest it draws and full details of the ownership of any shares that are held.

  As a registered Charity this information will have to be put into the public domain. Is there any contributor to the board who might be able to obtain this information. It would show exactly what their interest is in Mutual Fund Trust.

  link