AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

Trustee's Report of Sale to Darag North America and Certificate of Service (12/08/2021)

Trustee Richard D. Myers reports the sale of Acceptance Insurance Companies, Inc. to Darag North America in the amount of $3,436,364. The amount of $1,000 was allocated for the common stock of American Insurance Company and $3,435,364 for the payment toward the principal amount of the Surplus Note of Acceptance Insurance Company due to Debtor. Included in the wire transfer was the additional sum of $245,683, representing transfer to the bankruptcy estate of payment of Debtor's right to payment of its claim in the Reliance Insurance liquidation proceedings. The total wire was $3,682,047.

Source: PACER [Docket 694]