TO: AA Locals 501 – 591
RE: Equity Update
Dear Sisters and Brothers:
As reported in my letter dated March 6, 2017, the breakdown of the equity funds is as follows:
AA Reserve Balances as of March 1, 2017:
On Deposit with IRS: $ 6,104,241.28
Invested $76,113,721.39
Total $82,217,962.67
Also, we have not received any additional information as of yet regarding the hearing on December 13th concerning the Demetris/Ledbettter appeal.
As additional information is received, it will be forwarded accordingly.
Fraternally,
Mike Mayes
Air Division Director
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