LAACO, Ltd. Announces Second Quarter Results, Distribution, And Updates Unit Repurchase Program

August 2, 2010

LAACO, Ltd. (Pink Sheets: LAACZ – $950.00) has announced it earned $3.122 million or $18.02 per unit in the second quarter ended June 30, 2010 compared to $3.159 million or $18.08 per unit for the same period in 2009. Revenues increased to $13.223 in the second quarter compared to $13.111 for the same period in 2009.

LAACO, Ltd. also announced a cash distribution of $11.50 per unit on September 1, 2010 to partners of record at the close of business on August 16, 2010.

LAACO President and Managing Partner stated that LAACO’s Managing General Partner has authorized the Partnership to repurchase an additional $1,500,000 of LAACO units through April 20, 2011. To date, 2,931 units have been repurchased and retired since the program was implemented in 2007.

LAACO, Ltd. Is a California limited partnership that acquires, develops, builds, and manages Storage West Self-Storage facilities in the western US. Wholly owned subsidiaries of the Partnership own and operate The Los Angeles Athletic Club and California Yacht Club.

*Price per share at the time the article was published or the price of the last trade.

Disclosure: The author does not hold a any position in LAACZ at the time of this article.

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