Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 5

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 5
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 deposited the existing cash in escrow for Capital Expenditure Reserve of
$616,000 and $244,000 in Additional Reserve for taxes and insurance. The mortgage has a floating monthly rate of 30-day SOFR (capped
at 5.5%) plus SOFR margin of 3.10%. interest-only payments were due for the first12 months, and $5,500 principal payments commencing
in June 2024. The mortgage loan matured in May 2025. In May 2025 the Company amended the agreement for a new loan maturity of June 5,
2028.

5

MARKETABLE
SECURITIES INVESTMENT POLICIES

In
addition to its Hotel and real estate operations, the Company also invests from time to time in income producing instruments, corporate
debt and equity securities, publicly traded investment funds, mortgage-backed securities, securities issued by REITs and other companies
which invest primarily in real estate.

The
Company’s securities investments are made under the supervision of an Executive Strategic Real Estate and Securities Investment
Committee of the Board of Directors (the “Committee”). The Committee currently has four members and is chaired by the Company’s
Chairman of the Board, Chief Executive Officer and President, John V. Winfield. The Committee has delegated authority to manage the portfolio
to the Company’s Chairman, CEO and President, together with such assistants and management committees as he may designate. The
Committee generally follows certain established investment guidelines for the Company’s investments. These guidelines presently
include: (i) corporate equity securities should be listed on the New York Stock Exchange (NYSE), NYSE American, NYSE Arca, or the Nasdaq
Stock Market, LLC (NASDAQ); (ii) the issuer of the listed securities should be in compliance with the listing standards of the applicable
national securities exchange; and (iii) investment in a particular issuer should not exceed 10% of the market value of the total portfolio.
The investment guidelines do not require the Company to divest itself of investments, that initially meet these guidelines but subsequently
fail to meet one or more of the investment criteria. The Committee has in the past approved nonconforming investments and may in the
future approve nonconforming investments. The Committee may modify these guidelines from time to time. Changes in market conditions,
interest rates, or liquidity could negatively impact the value or performance of these investments, as discussed in Item 1A – Risk
Factors.

The