Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

✈️©️®️In 2018, I flew to Delaware and participated in HRST'S Bankruptcy. Here is an example of a liquidating trust. That same law firm did some work for Lehman's. 😂

Between May 2021 and January 2023, the Harvest Oil & Gas Corp. (formerly HRST) liquidating trust distributed a total of $19.25 per share in cash to its shareholders. The total aggregate amount is not specified in the search results, as it would depend on the number of outstanding shares at the time of each payout.
Here is a breakdown of the distributions per share:
$3.00 per share: Announced in May 2021.
$10.00 per share: Paid in November 2021.
$5.50 per share: Distributed in April 2022.
$3.75 per share: Announced in December 2022 and paid in January 2023.


According to corporate announcements, the Harvest Oil & Gas Corp. (formerly HRST) liquidating trust made distributions of $3.00 per share in June 2021 and $10.00 per share in November 2021. The trust was set up as part of the company's dissolution process, which began after 2018.
HRST liquidating trust distributions since 2018
$3.00 per share: Paid on June 1, 2021, to shareholders of record as of May 24, 2021.
$10.00 per share: Paid on November 4, 2021, to stockholders of record as of October 28, 2021.
Background on the liquidation
Harvest Oil & Gas Corp. filed a certificate of dissolution and began winding down operations in 2021.
In October 2020, Harvest divested of its Appalachian basin assets and received a seller's note, which was fully repaid in September 2021.
A settlement was also reached regarding uncollectible accounts receivable from an earlier period.


AI Overview


+7
Harvest Oil & Gas Corp. (HRST) made several liquidating distributions between 2019 and 2023. The total amount paid out per share was $108.50 during this period. The company filed a certificate of dissolution in Delaware in February 2021.
HRST liquidating payouts
Declaration Date Amount Per Share
June 22, 2023 $1.00
January 18, 2023 $3.75
January 6, 2023 $3.75
March 28, 2022 $5.50
October 18, 2021 $10.00
May 14, 2021 $3.00
November 13, 2020 $10.00
August 7, 2020 $10.00
October 11, 2019 $70.00
Key details
Dissolution announcement: Harvest Oil & Gas announced its intention to dissolve and file a certificate of dissolution in the State of Delaware in February 2021.
Winding-up process: The company planned to wind up and return capital to its shareholders.
Post-liquidation status: Following the distributions, the stock is now thinly traded on the Expert Market under the OTC ticker HRST and has a very low share volume. It is largely considered fully liquidated, but some investors may still hold shares in anticipation of any final minor distributions.