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Collins Educational Fund reports $21.5M portfolio, CDs maturing and $200K–$250K annual oil‑and‑gas income
Summary
Advisors for the Collins Educational Fund told the Corsicana ISD board the fund’s market value rose to about $21.5 million with one‑year returns near 8.3 percent, noted $1.2 million of five‑year oil and gas income, and asked the board whether income CDs maturing in July should be reinvested or earmarked for scholarships.
Representatives for the Collins Educational Fund briefed the Corsicana ISD Board of Trustees on June 16 about portfolio performance, scholarship distributions and the fund’s oil‑and‑gas income.
Fund advisors reported a market value of about $21.5 million as of May 31 and said the one‑year return was roughly 8.34 percent with a five‑year annualized return near 8.31 percent. Advisors said capital appreciation in large‑cap equities and strong fixed‑income performance…
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