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newflow

04/02/23 6:16 PM

#707565 RE: ReikoBlack #707564

Reiko,Subject to certain limited exceptions, the Liquidating Trust Interests are not transferable or assignable.

LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
2018 10-K
https://www.sec.gov/Archives/edgar/data/1545078/000119312518097841/d503450d10k.htm

There is no such language in 2017 10-K
https://www.sec.gov/Archives/edgar/data/1545078/000119312517101683/d293046d10k.htm

newflow

04/02/23 7:35 PM

#707568 RE: ReikoBlack #707564

"So, it should be easy to come to a conclusion that because the WMILT has been dissolved that they apparently liquidated any/all remaining assets and made all appropriate distributions."

IMO, its not easy to come to any conclusion.First, WMI transferred assets to WMILT for the benefit of former equity.
Second, WMILT mentioned that LTIs were transferred or to be transferred after the dissolution and winding up of vehicles used for the beneficiaries there to.WMILT cancelled as of Dec 2021,and formed Paladin in July 2021 with former WMI treasury executive while winding up the affairs of WMILT.
Paladin raised private capital in equity and other instruments.