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https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
57. In connection with such obligations, WMILT estimates that approximately $5-7 million of cost fees and expenses (including contingency reserves) will be incurred through December 31, 202013. Such amount includes fees and expenses in connection with further litigation which may arise from, among other matters, the Griffin Appeal and the closing of the chapter 11 cases, thereby reducing amounts available for distribution to Creditors. Based upon WMILT’s 2018 10K, applying the 2019 actual and projected amounts and the 2020 projections, there will be a favorable variance of approximately $800,000.00 which will become available for distribution to Creditors.
58. Pursuant to the Plan and the Confirmation Order, WMILT is authorized to distribute such remaining assets to one or more qualified charitable organizations. Prior to or contemporaneously with dissolution of the Trust, WMILT intends to contribute any such amounts to Seattle-based organizations.
C. Unclaimed/Uncashed Distributions
59. As mentioned above, with the final distribution about to be made to over six thousand (6,000) new recipients, based upon prior distributions, WMILT anticipates that some of these payments will go undelivered or unclaimed for one reason or another. Rather than voiding such distributions in short order and causing Creditors to forfeit recoveries, similar to the Plan, WMILT believes that such recipients should have another opportunity to realize upon their recoveries. Accordingly, WMILT requests that the Bankruptcy Court authorize WMILT to (a) post a notice for thirty (30) days on WMILT’s website, www.wmitrust, setting forth the names of parties (i) to whom distributions have been sent and such distributions have been returned to
13 It must be noted that wind-up and dissolution of WMILT could go longer due to pending litigation and final steps necessary to be undertaken.
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