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Re: None

Monday, 10/30/2017 10:07:59 AM

Monday, October 30, 2017 10:07:59 AM

Post# of 730288
~ The Last Creditor Class Has Been Left IMPAIRED ~

The Last Creditor Class, PIERS, Tranche 4 Class 16 Securities, ... have achieved ... "Basis" ...

Well' ahead of either of the original projections and Well' ahead of the Credit Facilities needing to be utilized' ... (AAOC's or KKR's)

The Delaware Bankruptcy Court's approval of Plan 7' in it's original presented form, has now been realized' ...

... the employee claim issues already have a DCR assignment' ...

Claimants in Class 16, PIERS, received an LTI at around the Effective Date. These LTIs initially did not have basis for tax reporting purposes. As LTIs in the more senior classes of claims were satisfied by distributions from the Liquidating Trust Disputed Claims Reserve, basis in the Liquidating Trust shifted pursuant to the waterfall set forth in the Plan. As of June 30, 2017, PIERS claimants have basis in the Liquidating Trust.



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