Replies to post #108539 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Expect LBIE's NOLs Cash In 2024:

As set out in our previous report, the Internal Revenue Service
(“IRS”) approved LBIE's request for treaty benefits through the
competent authority process in August 2021 allowing recovery of
taxes. Tax returns were filed with the IRS in Q4 2021 and
payment is expected in 2024.
2 Lehman Brothers International (Europe) – In Administration | Joint Administrators’ thirtieth progress report, for the period from
15 March 2023 to 14 September 2023 | Your attention is drawn to the important notice on page 1

Maybe another distribution in 2024:

The Joint Administrators having consented to the proposal from the LBIE directors, the distribution was made on 30 October 2023 and brings the total distributed to date to LBHI2, in respect of its preferred equity, to £402m.