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newflow

02/24/22 7:36 PM

#680481 RE: MadBadger #680478

Dont know MadBadger.Certain dissolution related actions have been taking place like dissolving DEE(escrows were taken out) and DCR.Dissolution would in connection with the final distribution, permit the maximum distribution to be available.
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
May be something after completion of Dissolution.

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27. In accordance with the provisions of the Plan and the Liquidating Trust Agreement, during the post-Effective Date period, WMILT has satisfied all tax obligations to date related to the Disputed Claims Reserve, including, without limitation, filing all tax returns and other documents as may be required and making all payments on account of income generated by the funds and Liquidating Trust Interests in the Disputed Claims Reserve from time to time. Additional tax returns will need to be filed post-closing of the Chapter 11 Cases and in connection with the anticipated wind-up and dissolution of the Trust.9


9
Other than as relates to the Disputed Claims Reserve, WMILT is a “grantor trust” and, as such, all income and expense is allocated and reported to the beneficiaries of the Trust. Upon the final distribution being made, a final allocation shall be provided.

DCR IS A SEPARATE ENTITY WHICH WAS A DISPUTED FUND SET UP AND CONTRIBUTED SOME PLAN CONTRIBUTION ASSETS.