/ Categories: Blog

Marine Corps Reserve Association Life Membership Trust

Earns $1,565.19 in 2nd Quarter

The Marine Corps Reserve Association Life Membership Trust received $ 1,565.19 in dividends and interest during the second quarter of 2022. This is in contrast with $ 1,453.26. received during the corresponding quarter of 2021, an increase of $ 111.93. The projection for 2022 is currently estimated to be $5,444.05, a significant drop from last years earning. This drop is the result of the extrordinary dividends which were paid by Old Republic in 2021, but not expected in 2022. This projection does not take into account the effects resulting from additional investments if the Trust receives donations and dues from new life members this year.

The market value of assets of the Trust as of the end of the day on 30 June 2022 was $ 151,865.98 compared with $ 148,346.35 at the end of 30 June 2021, an increase of $ 3,519.63. Note, however, that the market value of the Trust at the end of 31 March 2022 was $ 163,844.11. The 2nd Quarter of 2022saw a significant market sell off. While the market value of the Trust assets has dropped during thequarter, the income has not been affected by the market roller coaster, in fact some assets have increased dividends during the quarter. No donations or new life membership dues were added to the Trust assets during the second quarter. Johnson & Jonson announced a dividend increase of 6.6% for the second quarter, IBM announced a dividend increase of 0.61% for the quarter, and Southern Co. announced a dividend increase of 3.03% for the quarter. Note that over time the increases in dividends increases the market value of shares in a company.

Interested parties may make donations directly to the Trust. Make your check payable to: MCRA Life Membership Trust
and mail to:
MCRA Life Membership Trust
Attn: LtCol Thomas M. Howlett USMCR(Ret)
1370 Fox River Drive
De Pere, WI 54115-2403

Questions about the Trust should be submitted to:
LtCol Thomas "LPM" Howlett USMCR(Ret)
Founder and Investment Manager

Previous Article What You Need to Know About Estate Planning