As reported in Amendment No. 1 to Schedule 13D filed with the SEC by the Motors Liquidation Company GUC Trust on April 22, 2011 (the "Amended Schedule 13D"), the Trust directed MLC to make an initial distribution of New GM Securities to holders of Allowed General Unsecured Claims on April 21, 2011, pursuant to the Plan and the GUC Trust Agreement. Definitions of the capitalized terms used in this footnote and details regarding the initial distribution can be found in the Amended Schedule 13D.
Motors Liquidation Company GUC Trust and Wilmington Trust Company, not in its individual capacity but solely in its capacity as Trust administrator and trustee, may be deemed to beneficially own the securities reported on this Form 4 by virtue of the dispositive power they may exercise pursuant to the GUC Trust Agreement, dated as of March 30, 2011, among the Reporting Persons, Motors Liquidation Company, and the other parties thereto. The securities reported on this Form 4 are held by Motors Liquidation Company.
Hope this helps you get off in the right direction. I wont be buying any of these so the 3 minutes i've invested already is much too much time wasted already. lol
