"as of March 19, 2012 (the “Effective Date”)" is a huge clarifying line in the sand, between what is - or isnt the LT's to distribute.
The LT's assets comprise only those as of March 2012. Any cash, assets, mortgages, servicing, etc......anything not part of the Bankruptcies #1 (WMIIC) and #2 (WMI) pursued beyond March 19 2012.....is not the LT's to distribute.