Replies to post #3123 on Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[Enterprising Investor]

Funds to pay Runoff Notes comes from WMIH.

[Vincentius]

DNU, I think we will get a check in the mail.

[Rumble]

We should get a check in the mail for the proceeds from the LTI - unrelated to Notes previously distributed. See my earlier post for a refresher if necessary.

I believe that the IRA accounts (at least I know Scottrade has kept custody of these) will receive the funds directly. If the LT sends you a check for the amounts that should have been paid directly to your IRA, just take the check to your broker and have them deposit it directly into your account as LTI proceeds. It will be a non-taxable event then.

I do not get statements for my IRA holdings. I periodically chase down a copy from Scottrade which my local office in Bellevue has been great about when asked.