Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #385 on Drive Shack Inc (DSHK)
Enterprising Investor
05/10/16 9:01 AM
#386 RE: Enterprising Investor #385
05/10/16 9:31 AM
#387 RE: Enterprising Investor #385
The Company simplified the balance sheet and generated $10 million of proceeds to NCT with the sale of CDO VI Class IMM-2. The sale resulted in the deconsolidation of CDO VI, as it represented the Company’s remaining economic equity interest in the CDO, and resulted in an $82 million GAAP gain and eliminated $61 million of negative GAAP book value.