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Enterprising Investor

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Re: Enterprising Investor post# 351

Thursday, 11/07/2019 12:13:16 AM

Thursday, November 07, 2019 12:13:16 AM

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The Trustee would receive 3 percent of any remaining recovery as compensation.

So, once the $2 million additional payment on the Surplus Note has been made to AICI and AIC has been sold for an estimated $5 million, Deutsche Bank as the sole holder of the subordinated unsecured claim would receive 97 percent or about $6.79 million for distribution to AICPQ holders.

It appears the class will receive about $8.2 million in total over time.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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