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Enterprising Investor

05/09/18 8:07 PM

#47 RE: Enterprising Investor #46

Net Assets in Liquidation will be approximately $25.09 after the $4.85 distribution paid on 5/18/18.

If the future cash flow projections and residual value estimates are realized, future liquidating distributions would range between $31.97 and $37.76 per share (after taking into account the upcoming distribution). The difference between the higher per share estimate of future value and the reported $25.09 per share estimate is derived from an increase ranging from $3.30 to $8.99 per share in the estimated future value of Worldwide Plaza, plus an additional $3.58 per share of net cash flow generated by holding Worldwide Plaza for an additional two and a half year hold period beyond what is recognized in the financial statements.

And NYRT is ex-dividend tomorrow.