Cindy from US Bank replied to my email with 2 notices
(1 each CABCO and CORTS Trust) and a disclosure statement.
The 2 notices said I could vote to accept or reject the plan.
There was 2 other boxes on those notices to OPT-OUT or NOT OPT-OUT of the plan releases. The trustee (US BANK) wants an answer by Nov 12th
"PLEASE COMPLETE, SIGN AND DATE THIS DIRECTION LETTER AND RETURN IT TO
THE TRUSTEE BY ELECTRONIC MAIL (WITH ORIGINAL TO FOLLOW VIA REGULAR
MAIL) NO LATER THAN NOVEMBER 12, 2020 AT 5:00 P.M. CENTRAL TIME"
"The Trustee is permitted only one vote under the terms of the Solicitation Materials with respect
to the 2097 Debentures held by the Trust. As provided in the Governing Agreements, the Trustee
shall act in accordance with the instruction of the Holders of the Certificates representing a
majority of the Voting Rights (the “Majority Holders”) with respect to its vote to accept or reject
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the Plan and its decision whether or not to opt-out from the releases as described in the Solicitation
Materials. If the Trustee does not receive an instruction from the Majority Holders, it will not vote
on the Plan. CLAIMS FOR WHICH NO VOTES ARE CAST ARE TREATED AS A
REJECTION OF THE PLAN"
The disclosure statement included pages 13 and 17 from document (#1647) from the docket.
Page 13 says "each holder of Unsecured Note Claims shall receive it's Pro-Rata share of any cash remaining in the wind down reserve ONCE all allowed claims have been satisfied"
Page 17 show recovery of less than 1%
I am way over my head but wanted to share for the experts on here.
