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newflow

04/02/23 8:39 PM

#707570 RE: ReikoBlack #707569

I agree it was for claims and equity classes but equity classes were never issued LTIs,agreed.
There was no need to issue LTIs for equity classes, because they were the beneficiaries of the WMILT by design.Why do you think MW and Southard were on TAB if there were no equity stake in WMILT,thru Jan 2020?.They were there for more than 8 years in anticipating that there would be some leftover?.
"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. "