Adelphia Recovery Trust (fka ADPAS)

[makinezmoney]

$ADPAS: $6.7Million Distribution


www.adelphiarestructuring.com/Documents/ImportantDocuments/2020/ART%20Distribution-%202nd%20Press%20Release%2010.30.2020_FINAL.pdf






GO $ADPAS



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For Immediate Release
Media Contact
Mary Palmquist [phone]
Adelphia Recovery Trust Announces $6.7 Million Final Liquidating Distribution
Wilmington DE, October 30, 2020 – The Adelphia Recovery Trust (the “Trust”)
announced today that it made a final liquidating distribution of $6.7 million in cash
payable to holders of interests in the Trust pursuant to the First Modified Fifth Amended
Joint Chapter 11 Plan of Reorganization of Adelphia Communications Corporation and
Certain Affiliated Debtors, dated as of January 3, 2007, as Confirmed (the “Plan”). A
record date of October 23, 2020 was established by the Trust for purposes of this final
liquidating distribution.
A chart summarizing the final liquidating distribution of cash to be made to each
series of interests in the Trust is available in the “Important Documents Adelphia
Recovery Trust” section of Adelphia’s website at:
http://www.adelphiarestructuring.com/RecoveryTrust.aspx
A letter with additional information concerning the final liquidating distribution
is being delivered to holders and is available in the “Important Documents Adelphia
Recovery Trust” section of Adelphia’s website at
http://www.adelphiarestructuring.com/RecoveryTrust.aspx.
Interest holder inquiries regarding Trust distributions under the Plan should be
directed to [e-mail].
About Adelphia Recovery Trust
The Adelphia Recovery Trust is a Delaware Statutory Trust formed pursuant to
the First Modified Fifth Amended Joint Chapter 11 Plan of Reorganization of Adelphia
Communications Corporation and Certain Affiliated Debtors, which became effective
February 13, 2007. The Trust dissolved on December 31, 2016 (the "Dissolution Date")
pursuant to the Plan, Declaration of Trust, and the September 22, 2015 court order.
Pursuant to the Plan and Declaration of Trust, the Trust will terminate upon completion
of liquidation and wind up activities of Adelphia Communications Corporation. The
Trustees shall continue to act until the Trustees' duties under the Plan have been fully
performed.
Forward-Looking Statements
This press release contains forward-looking statements. All statements (other
than statements of historical fact) contained in this release, including statements that
address future plans, goals, expectations, activities, events or developments are forwardlooking statements. The Trust has tried, where possible, to use words such as
“anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “forecast,”
“initiative,” “objective,” “goal,” “project,” “outlook,” “priorities,” “target,” “evaluate,”
“pursue,” “seek,” “potential,” “continue,” “designed,” “impact,” “may,” “would,”
“could,” “should,” “will” and other similar expressions to identify forward-looking
statements. Forward-looking statements are based on current expectations and are
subject to substantial risks, uncertainties and other factors, many of which are beyond our
control. The Trust cannot guarantee that any forward-looking statement will be realized,
as actual results may differ materially from those identified or implied in any forwardlooking statement. Among the factors that may cause actual results to differ materially
are the following: changes in or interpretations of laws, regulations and policies; and the
tax effects of various aspects of the Plan and the Trust. All forward-looking statements
speak only as of the date they were made. The Trust does not undertake a duty to
publicly update or revise such forward-looking statements or other information contained
herein, whether as a result of new information, subsequent events, circumstances,
changes in expectations or otherwise.