HMG/Courtland Properties, Inc. (HMG) is engaged in the ownership and management of income-producing commercial properties and other investments. The Company also owns two properties: a 13,000 square foot commercial building in Montpelier, Vermont, and approximately 50 acres of vacant land held for development in Hopkinton, Rhode Island. The Company’s other investments consist primarily of nominal equity interests in various privately-held entities, including limited partnerships whose purpose is to invest venture capital funds in growth-oriented enterprises. The Company’s investments in marketable securities include equity and debt securities issued primarily by large capital companies or government agencies with determinable fair values in varying industries. This includes real estate investment trusts and mutual funds focusing in commercial real estate activities. The Company holds a 49% equity interest in T.G.I.F. Texas, Inc. (TGIF).