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Thursday, March 16, 2017 8:40:21 PM
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Docket # 12349 Filed 1/30/2107
"Note
7: Disputed Equity Escrow
In addition to the DCR, the Plan established a Disputed Equity Escrow to hold shares of Reorganized WMI common
stock for distribution based on the resolution of disputed equity interests. A dismissal of disputed equity interests
will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date. The shares and any cash that may be distributed on
behalf of the shares are held in a separate escrow account that is not recorded as an asset of the Trust. The
Liquidating Trustee is the escrow agent for the Disputed Equity Escrow. The Disputed Equity Escrow is taxed in a similar manner to the DCR (see description above). All expenses of administering the Disputed Equity Escrow (other than taxes) are borne by the Trust. Costs incurred cumulative-to-date total $7,500. As of December 31, 2016, approximately 1.5 million shares of Reorganized WMI common stock and no cash remained in the Disputed Equity Escrow."
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All this means is that the shares held in the Disputed Equity Escrow are not being recorded as an asset of the Trust. It's not that difficult to understand.
Shares held remaining in the Disputed Equity Escrow - 1.5 million , no cash remained.
http://www.wmitrust.com/wmitrust/document/8817600170130000000000001
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