1675-3 Floridian Hotel if 4
CARL G. FISHER CORPORATION
MIAMI BEACH. FLORIDA
TTS- U. S. A.
December 22, 1942.
To the Stockholders,
Carl G. Fisher Corporation:
4
At a meeting of the Board of Directors, held on December 14, 1942,
there was declared a distribution of $1.50 per share, payable December 22,
1942, on the outstanding capital stock of this Corporation to stockholders
of record December 19, 1942. Therefore, we are pleased to enclose here-
with a check representing the amount which you are entitled to receive on
the number of shares registered in your name as of December 19, 1942.
There is also enclosed herewith a Financial Statement, i.e. , Balance
Sheet, together with Profit and Loss Statement, showing the results of oper-
ation of this Corporation for the fiscal year beginning as of September 1,
1941, and ended August 31, 1942.
On August 28, 1942, there was a cash distribution to the stockholders
of $1.50 per share, and our Auditors, having completed the annual audit, now
advise us that the August 28, 1942, distribution should be treated as a liqui-
dating dividend, but that the enclosed distribution should, for the present
and pending the close of our present fiscal year ending August 31, 1943, be
considered as a distribution from earnings (taxable dividend) - all of which
is, of course, subject to final audit by the Bureau of Internal Revenue.
Although the bookings and reservations at the Flamingo Hotel at the
beginning of the 1941-1942 winter season indicated a most satisfactory oper-
ating season, the December 7, 1941, attack on Pearl Harbor caused a cancel-
lation of the majority of the immediate and prospective business; conse-
quently, we, together with all other seasonally operated hotel properties
in this area, were seriously affected; nevertheless, we were able to end
the season with a profit from hotel operations, before taxes and deprecia-
tion, as shown by the enclosed Financial Statement.
At the request of the United States Army Air Forces, we agreed to
lease the facilities of the Flamingo Hotel for the duration; therefore,
these properties are completely and unreservedly in the service of our
country.
The ideal location of the Flamingo Hotel properties, consisting of
approximately 13-1/2 acres, located on Biscayne Day, and with its modern
and extensive facilities, made its selection not only logical but most de-
sirable, and it was among the very first to bo selected to aid in the de-
velopment and expansion of that branch of the service. They having deter-
mined that no days of training need be lost, due to cold or inclement
•
-2- December 22, 1942.
weather, and the facilities made available for immediate occupancy also
has eliminated delays and otherwise costly construction for housing and tak-
ing care of the officers and men of the Offioers Training and Officers Candi-
date Schools, all of whom represent some of the finest in the country.
If you could see these men in training you would be not only most
favorably impressed but reassured to note, as they are graduated, their ex-
cellent physical condition and their apparent determination to do their very
best to prepare themselves to help bring the war to an early and satisfaotory
conclusion.
The charm of Miami Beach will, in normal times, bring many of them
back to us, either as guests or citizens; and although the operation and
services of the Flamingo Hotel properties are temporarily suspended, we
assure you that at the earliest possible, the Flamingo will, as always,
be operated as heretofore and thus continue to maintain its prestige and
position of many years' leadership as one of America's foremost resort
hotels.
Respectfully yours,
CARL G. FISHER CORPORATION,
FRH:AVM F. R. Humpage, President.
Enclosures