Tuesday, February 12, 2019 7:33:09 PM
On December 6, 2018, the bankruptcy court approved the release of up to 17.5 million shares of AAL common stock from the DCR. These shares were used to make a distribution to former holders of AAMRQ shares and to fund capital gain taxes. The distribution took place on February 12, 2019 and holders of AAMRQ received an additional distribution of approximately 0.0432 AAL shares for each share of AAMRQ previously held.
From AAL's 8-K report dated Feb. 12th:
The distributions of AAL Shares to former holders of AAMRQ, 2014 Notes and 2024 Notes described above are expected to be completed on or aboutFebruary 14, 2019. Former holders of AAMRQ, 2014 Notes and 2024 Notes may receive additional distributions based upon the resolution of disputedclaims in the bankruptcy case; however, due to the uncertainty regarding the outcome and timing of the disputed claims, there is no guarantee ofadditional distributions. After giving effect to the foregoing distributions, the Disputed Claims Reserve holds approximately 7.2 million AAL Shares.
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