Principles of consolidation: The consolidating financial statements include the accounts of TEI and its affiliate, TEIF (collectively referred to as the Organization).
TEIF is exempt from the payment of income taxes under Section 501(c)(3) of the Internal Revenue Code and has been classified by the Internal Revenue Service as other than a private foundation.
Hassan has now left Egypt, Adel Suleiman remains in detention without charge.
9 July 2104 - Lux Starlight, which has agreed to buy Guernsey-registered property investment firm Tamar European Industrial Fund Ltd (LON:TEIF) via a recommended cash offer, said today the irrevocable undertaking by TEIF investor Weiss Asset Management LP to back the offer has grown to a 14.8% stake from 13.4% previously.
The increased undertaking reflects the purchase of TEIF shares by Weiss, which is the investment manager of Brookdale International Partners LP and Brookdale Global Opportunity Fund.
Lux Starlight has received an irrevocable undertaking to back the offer from Weiss Asset Management LP, the investment manager of Brookdale International Partners LP and Brookdale Global Opportunity Fund, which hold a combined 13.4% stake in TEIF
. In addition, the buyer had received a letter of intent from Laxey Partners Ltd, which owns 29.8% of the target, the companies said.
sponsors or co-sponsors continuing education programs and
TEI Education Fund (TEIF) was formed in 1987 to sponsor or cosponsor continuing education programs and otherwise to further TEI's educational objectives.
Pursuant to a written agreement, TEI administers certain continuing education courses which are sponsored by TEIF. Under the terms of the agreement, TEI pays a percentage of the net income from the sponsored courses to TEIE The management fees paid by TEI totaled $15,029 and $10,753 for the years ended June 30, 2012 and 2011, respectively.
TEI pays TEIF
management fees pursuant to a written agreement under
TEI Education Fund (TEIF
) was formed in 1987 to sponsor of cosponsor continuing education programs and otherwise to further TEI's educational objectives.
2009 2008 TEI Interest $315,309 $414,078 Net (loss) gain on (37,726) 15,622 Investments 277,583 429,700 TEIF
Interest 46 37 $277,629 $429,737 E.