1
EXHIBIT 99.1
PROXY FOR SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD __________, 1997
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF
TRUSTEES OF CONTINENTAL MORTGAGE AND EQUITY TRUST
The undersigned hereby appoints Thomas A. Holland and Robert A.
Waldman, and each of them, Proxies, with full power of substitution in each of
them, in the name, place and stead of the undersigned, to vote at the Special
Meeting of Shareholders of CONTINENTAL MORTGAGE AND EQUITY TRUST, to be held on
__________, 1997, at 2:00 p.m. (Dallas time), or at any adjournments thereof,
according to the number of votes that the undersigned would be entitled to vote
if personally present, upon the following matter:
APPROVAL OF THE PROPOSED INCORPORATION PROCEDURE TO CONVERT THE TRUST
FROM A CALIFORNIA BUSINESS TRUST TO A NEVADA CORPORATION (AND
RATIFICATION OF THE INCORPORATION OF A SUBSIDIARY OF THE TRUST IN
CONNECTION THEREWITH):
FOR AGAINST ABSTAIN
[ ] [ ] [ ]
- --------------------------------------------------------------------------------
(continued and to be signed and dated on the other side)
-1-
2
[reverse]
(continued from other side)
THE BOARD OF TRUSTEES OF CONTINENTAL MORTGAGE
AND EQUITY TRUST RECOMMENDS A VOTE FOR THE PROPOSED
INCORPORATION PROCEDURE.
YOUR PROXY IS IMPORTANT. PLEASE INDICATE YOUR SUPPORT FOR THE
PROPOSED INCORPORATION PROCEDURE ABOVE BY SIGNING, DATING AND MAILING
THIS CARD TODAY IN THE ENCLOSED ENVELOPE. IF NOT OTHERWISE MARKED
ABOVE, YOUR PROXY WILL BE VOTED FOR THE PROPOSED INCORPORATION
PROCEDURE. THIS PROXY REVOKES ANY AND ALL PREVIOUS PROXIES.
Dated , 1996
----------------------------------------------
X
-----------------------------------------------------------
Signature
X
-----------------------------------------------------------
Signature
- ------------------------------------------------------------
Title
Please sign exactly as name
appears herein. When Shares
are held by joint tenants,
both should sign. When
signing as attorney, executor,
administrator, trustee or
guardian please give full
title as such. When signing
for a corporation please sign
full corporate name by an
authorized officer. When
signing for a partnership
please sign partnership name
by an authorized person. If
Shares are held in more than
one capacity, this proxy shall
be deemed valid for all Shares
held in all capacities.
PLEASE SIGN, DATE AND MAIL THIS PROXY IMMEDIATELY
-2-