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KBS REIT files articles of dissolution

KBS Real Estate Investment Trust Inc. filed articles of dissolution with Maryland's State Department of Assessments and Taxation on Oct. 10, as part of its liquidation and dissolution plan.

The right of common stockholders to receive distributions under the liquidation plan and Maryland General Corporation Law is unaffected by the filing of the articles, which became effective the same day.

The company said earlier that the net proceeds from the sale of its remaining assets will be distributed to stockholders within 24 months from Jan. 27.