Replies to post #103479 on Lehman Brothers Financial SA (LEHNQ)

[Pegaso]

This is AWESOME NEWS.

[cottonisking]

Hire us to do your bankruptcy, we pay the good creditors when we get paid. The remaining creditors' claims are only proof that this is a big bankruptcy. Equity make us feel good after twenty years of waiting on our world class bankruptcy plan. Thank God equity holders are still in town. One more extension should knock them out cold.

We are paperless, all good creditors need is your ATM pin and a brown paper bag.

GRANTOR AND BENEFICIARY STATEMENT
LEHMAN BROTHERS HOLDINGS INC. PLAN TRUST
110 E. 42nd AVENUE, Suite 820
NEW YORK, NY 10017
FOR THE TAX YEAR ENDED DECEMBER 31, 2021
Background
On December 6, 2011, the United States Bankruptcy Court for the Southern District of New York
entered an order confirming the Modified Third Amended Joint Chapter 11 Plan of Lehman
Brothers Holdings Inc. (“LBHI”) and its Affiliated Debtors (the “Plan”). On March 6, 2012 (the
“Effective Date”), the Plan became effective.
The Plan provided for the creation of the Lehman Brothers Holdings Inc. Plan Trust (the “LBHI
Plan Trust”). Pursuant to the Plan, LBHI and certain individuals designated pursuant to the Plan
as trustees (the “Trustees”) entered into a trust agreement (the “Plan Trust Agreement”), effective
as of March 6, 2012, establishing the LBHI Plan Trust.
Pursuant to the Plan, as of the Effective Date, all existing shares of common stock and preferred
stock issued by LBHI were canceled, and LBHI issued one new share of common stock (the “Plan
Trust Stock”) to the LBHI Plan Trust, which holds such share for the benefit of such former
stockholders of LBHI consistent with their former relative priority and economic entitlements. The
Plan Trust Stock comprises the sole asset of the LBHI Plan Trust, and the beneficial interests in
the LBHI Plan Trust are nontransferable.
Liquidating Trust Status
For U.S. federal income tax purposes, the LBHI Plan Trust is treated as a “liquidating trust” taxable
as a “grantor trust” of which the former LBHI stockholders are regarded as the grantors. Each
former stockholder of LBHI that is a beneficiary of the LBHI Plan Trust is treated for U.S. federal
income tax purposes as a direct owner of the underlying assets of the LBHI Plan Trust (i.e., the
Plan Trust Stock) in accordance with its former relative priority and economic entitlements as a
stockholder.
LBHI Plan Trust Reporting
Pursuant to § 3.6(a)(i) of the Plan Trust Agreement, and the letter sent to each stockholder in
August and September of 2012, within seventy-five (75) days following the end of each calendar
year or as soon as practicable thereafter, the Trustees will annually furnish to each beneficiary a
separate statement setting forth the holder’s share of items of income, gain, loss, deduction, or
credit, if any, for U.S. federal income tax purposes by posting on our website, at www.lehman-
docket.com and shall provide instructions to report such items on their federal income tax returns.U.S. Federal Income Tax Reporting
The following income, deductions, and credits are the income, deductions, and credits of the LBHI
Plan Trust and, as to their allocable portion, to be reported on the U.S. federal income tax return
of the grantors and beneficiaries, if required. All holders must report all allocable items on their
U.S. federal income tax returns in accordance with relevant tax laws or forward the information to
the holders with instructions to report such items on their U.S. federal income tax returns. Each
grantor and beneficiary should consult with his or her tax professional to determine his or her
individual reporting requirements.
Taxable income under §§ 671 through 678 of the Internal Revenue Code……… $0

Deductions applied to income above……………………………………………... $0
Credits applied to income above…………………………………………………. $0