InvestorsHub Logo
Followers 1
Posts 194
Boards Moderated 0
Alias Born 09/02/2009

Re: None

Wednesday, 05/01/2013 10:24:30 AM

Wednesday, May 01, 2013 10:24:30 AM

Post# of 3649
another quarter bites the dust.

from 3/31/2013 quarterly report:
"The Plan and Liquidating Trust Agreement provides direction that the Liquidating Trustee will make distributions
on at least a quarterly basis, subject to certain exceptions.

The next quarterly Distribution Date is May 1, 2013. The Trust is scheduled to distribute $22.4 million effective as
of the Distribution Date. The primary sources for the May distribution are the receipt of $24.8 million on account of
interest on, and a partial redemption of, First Lien Runoff Notes (as de?ned in the Plan) held by the Trust; the
release of $14.2 million on account of claimants who did not provide releases required under the Plan as a condition
for distributions under the Plan; and $5.6 million released from the DCR. The Trust has determined to withhold
funds for the future costs of operations and to support potential litigation regarding disputed claims.
"

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.