Sears plans to fund the REIT by offering shareholders theright to buy stock in proportion to their Sears ownership. Butan Internal Revenue Service guideline prevents five or fewershareholders from owning 50 percent of a REIT's equity, aprovision known as the 5/50 rule. Lampert, his hedge fund, ESLInvestments, and Fairholme Capital Management alone own morethan 72 percent

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In England there are currently five Combined Authorities, with Greater Manchester Combined Authority established on 1st April 2011, and four others established in April 2014 with still more proposals being actively developed.