ST MARY'S DOMINICAN PROPERTY HOLDING CO

ST MARY'S DOMINICAN PROPERTY HOLDING CO ST. MARY DOMINICAN PROPERTY HOLDINGS CORPORATION IS THE OWNER OF THREE SUBSIDIARIES, EACH OF WHICH IS ORGANIZED AS A 501(C)(2) TITLE HOLDINGS COMPANY, EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO ITS SOLE MEMBER, ST. MARY'S DOMINICAN EDUCATION NEW ORLEANS CORPORATION, AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) OF THE CODE.