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Monday, December 30, 2019 12:04:07 PM
Note 7: Disputed Equity Escrow
"During the quarter, the Trust resolved all remaining disputed equity claim. Therefore, the DEE will be in a position to redistribute the remaining shares, net of any shares that are sold to pay tax obligations. The shares currently held are held on behalf of former common shareholder interests (Class 22). Therefore, any redistribution will only be made to Class 22. Furthermore, consistent with prior distributions and pursuant to the Plan, no fractional shares (nor any cash-in-lieu of fractional shares) will be distributed. Due to the minimal number shares in the DEE, and the fact that the DEE Agreement does not contemplate the issuance of fractional shares or the payment of cash-in-lieu of fractional shares, substantially fewer legacy common shareholders will receive shares in the redistribution."
http://www.wmitrust.com/wmitrust/document/8817600191101000000000001
The remaining shares in the Disputed Equity Escrow (DEE) will be distributed to Class 22 ("U" holders) only.
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