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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of
Report (Date of earliest event reported): February 28, 1996
THE CHICAGO DOCK AND CANAL TRUST
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(Exact name of registrant as specified in its charter)
ILLINOIS 0-13804 36-2476640
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
455 East Illinois Street, Suite 565
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Chicago, Illinois 60611
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(Address of principal executive offices) (Zip Code)
(312) 467-1870
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On February 28, 1996, the Trust issued a press release, a copy of which is
attached.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE CHICAGO DOCK AND CANAL TRUST
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(Registrant)
By: /s/ David R. Tinkham
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David R. Tinkham, Vice President
Dated: February 28, 1996
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FROM: MARCY MONYEK AND ASSOCIATES FOR: THE CHICAGO DOCK AND CANAL TRUST
55 West Wacker Drive 455 East Illinois Street
Chicago, Illinois 60601 Chicago, Illinois 60611
312/263-2135 312/467-1870
Contact: Sharon Erikson Contact: David R. Tinkham
FOR IMMEDIATE RELEASE
THE CHICAGO DOCK AND CANAL TRUST (NASDAQ/DOCKS)
ENGAGES FINANCIAL ADVISOR TO EXPLORE STRATEGIC ALTERNATIVES
CHICAGO, February 28, 1996 -- The Chicago Dock and Canal Trust
(NASDAQ/DOCKS) announced today that a special committee of its Board has
retained Lehman Brothers Inc. as financial advisor to assist the Trust in
studying strategic alternatives designed to enhance shareholder value. There
can be no assurance that the study will result in a transaction involving the
Trust.
Cityfront Center, an established mixed-use development located on prime,
downtown Chicago lakefront land, is the Trust's primary real estate investment.
Within the development, the Trust owns the land under the 1,200 room Sheraton
Chicago Hotel and Towers and approximately 14 acres of land to be developed. It
also owns the Midrise portion of Cityfront Place (a 904-unit residential
complex) and one-third of the partnership which owns the Highrise portion.
The Chicago Dock and Canal Trust is a real estate investment trust engaged
primarily in the business of acquiring and holding real estate and interests in
real estate for investment. In addition to its interests in Cityfront Center,
the Trust owns Lincoln Garden (a 73,000-sq.ft. office complex in Tampa, Florida)
and Waterplace Park (a 105,000-sq.ft. office complex in Indianapolis, Indiana).
Formed in 1962, the Trust is successor to The Chicago Dock and Canal
Company which was founded in 1857 by Chicago's first mayor, William Ogden. The
Chicago Dock and Canal Trust is traded on
NASDAQ under the trading symbol DOCKS.
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