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Re: None

Friday, 01/24/2020 7:38:36 PM

Friday, January 24, 2020 7:38:36 PM

Post# of 11618
With strong economy, I would think that liquidation would move along at a fairly fast clip... wonder how much volatility in pps will result...

From proxy: "The Company intends to treat any distributions made by the Company to the Shareholders in
accordance with the Plan of Liquidation as distributions in complete liquidation of the Company for U.S.
federal income tax purposes. Accordingly, any amounts received by a U.S. Holder (as defined under
“Certain Tax Considerations — Certain United States Federal Income Tax Considerations” below) in
complete liquidation of the Company and pursuant to the Plan of Liquidation generally will be treated as a
payment in exchange for such U.S. Holder’s Shares, with any gain or loss so recognized generally treated as
capital gain or loss to such Shareholder. There can be no assurance, however, that the Internal Revenue
Service (“IRS”) will not take a contrary position. In addition, there can be no assurance that the Company
will be able to complete the liquidation and dissolution of the Company in the manner and within the
timeframe required by the IRS. The IRS has indicated that it will not issue a ruling or determination letter
on the tax impact of a corporate liquidation under section 331 of the Code accomplished through a series
of distributions made over a period in excess of three years from adoption of the plan of liquidation. "

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