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temp luvs amy

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temp luvs amy

Re: mrholty post# 80

Friday, 01/28/2011 3:38:43 PM

Friday, January 28, 2011 3:38:43 PM

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The web page cleary states the the bondholders are not permitted to disclose the financials.....

As far as I know, parts of Trenwick America have been in recievership since the first seizure, but I don't remember which parts.

The JL said that they could not get a satisfactory return on the notes at current market (if any) and that is typical of most distressed notes even after a company rehabilitates. Since TAC is in runoff, the workout should be approaching finality.


As I said before: 2.25 million of the notes were "senior secured" so that much is almost guaranteed, or we will own Trenwick America.


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