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Re: newflow post# 727736

Sunday, 05/12/2024 8:27:34 PM

Sunday, May 12, 2024 8:27:34 PM

Post# of 728646
Newflow, yes, this is good information but the information I find the most interesting since they could not legally speak about Safe Harbor-protected assets we are included as beneficial recipient holders. So, when the time is ripe those assets will appear for us and we are recorded in the Book-Entry system as the beneficiaries.

In other words, the book-entry records are the definitive source for determining the legal holders of the beneficial interests in the Liquidating Trust. The person or entity recorded in that system as holding a particular Liquidating Trust Interest will be treated as the owner of record for that interest under all relevant U.S. federal and state laws governing such matters.


So, the difference is one set of investors received LTIs and one set of investors are in the Book-Entry system.

Now the big difference is those investors who received LTIs were those investors who were receiving monies in the active BK cases and those investors who WILL RECEIVE Beneficial Interests in the assets protected and in SAFE HARBOR so

1) Investors who received LTIs equal active bk cases

2) Investors who will receive monies (after bk closure/termination) outside of BK cases equal Safe Harbor/BK Remote BK-protected assets




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