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jerrylev

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jerrylev

Re: Roach58 post# 521069

Sunday, 06/03/2018 3:42:32 PM

Sunday, June 03, 2018 3:42:32 PM

Post# of 730278
Why do we have to wait to know that the 75/25 distribution ratio til the end is correct as it was written clearly in POR 7 6 years ago?

https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm

Annex C - Item 1.01 Amendment of a Material Definitive Agreement.

Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, AND that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.
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