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Re: iPrelude post# 567064

Friday, 03/29/2019 4:52:18 PM

Friday, March 29, 2019 4:52:18 PM

Post# of 729922
As of December 31, 2018, the DCR held $66.6 million in reserve on account of Employee Claims, plus $1.5 million in reserve for employer taxes had the claims been allowed, with the aggregate remaining amount of those claims totaling $61.5 million after the application of the Section 502(b)(7) cap. As a result of the Employee Claims order, dated February 1, 2019, the DCR released approximately $68.3 million to be unencumbered Trust Assets. Subsequently, the Trust made a distribution of $50.0 million to LTI holders. See discussion of Impact of Subsequent Event on Financial Results in Item 7 of this report.
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