Replies to post #111502 on Lehman Brothers Financial SA (LEHNQ)

[joyceschoice]

Cotton - How should I compare and assess these two situations you have presented in that post? Your thoughts more plainly laid out would be most helpful.

https://tisegroup.com/market/securities/1357
https://casetext.com/case/alesco-preferred-funding-viii-ltd-v-acp-re-ltd-2
https://de.wikipedia.org/wiki/Alesco

Use a song. You might be surprised.

[cottonisking]

Amendment and
restatement of
Agreed
Distributions:
The Framework Agreement shall be amended and restated such that the
concepts of ECAPS Outcome, LBHI Outcome and Alternative Outcome shall be
removed and Available Funds shall instead be distributed according to the
following scheme (subject in each case to the relevant terms of and the other
relevant distribution conditions set out in the Framework Agreement):
Tier X: As set out in the Framework Agreement (which Tier X Distributions have
already been made in accordance with the Framework Agreement)
Tier Y: To be split 73.8 % (GP1) and 26.2% (LBHI)
Tier Z: To be split 40% (GP1) and 60% (LBHI)
The Parties shall agree in the Amended and Restated Framework Agreement
that a PLI 1 Settlement has occurred.

dhyan40

Re: None

Friday, 09/20/2024 6:58:05 AM

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf