Replies to post #115640 on Lehman Brothers Financial SA (LEHNQ)

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💲 LBHI can match Kirkland & Ellis LLP (HRST), after all they are on our payroll schedule! 👁️ ECAPs'...

Harvest Oil & Gas Corp. (HRST) made several liquidating distributions between 2019 and 2023. The total amount paid out per share was $108.50 during this period. The company filed a certificate of dissolution in Delaware in February 2021.
HRST liquidating payouts
Declaration Date Amount Per Share
June 22, 2023 $1.00
January 18, 2023 $3.75
January 6, 2023 $3.75
March 28, 2022 $5.50
October 18, 2021 $10.00
May 14, 2021 $3.00
November 13, 2020 $10.00
August 7, 2020 $10.00
October 11, 2019 $70.00
Key details
Dissolution announcement: Harvest Oil & Gas announced its intention to dissolve and file a certificate of dissolution in the State of Delaware in February 2021.
Winding-up process: The company planned to wind up and return capital to its shareholders.
Post-liquidation status: Following the distributions, the stock is now thinly traded on the Expert Market under the OTC ticker HRST and has a very low share volume. It is largely considered fully liquidated, but some investors may still hold shares in anticipation of any final minor distributions.

The DuPont Hotel is real nice in Delaware:

Harvest Oil & Gas Corp. (formerly EV Energy Partners, L.P.) emerged from Chapter 11 bankruptcy on June 4, 2018. On this date, its plan of reorganization became effective, and the company began operating under the new name, effectively closing the bankruptcy case itself.
The bankruptcy case (filed in April 2018) was a financial restructuring that eliminated approximately $355 million of debt, not a full liquidation at the time. The company continued to operate and later pursued a wind-up and dissolution process by selling all of its assets between 2018 and 2020, eventually filing a Certificate of Dissolution in February 2021.

AI Overview



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The Harvest Oil & Gas (HRST) bankruptcy case concluded when the company emerged from Chapter 11 as a new corporation on June 4, 2018. This date is referred to as the "Effective Date" of the plan of reorganization.
The company, previously known as EV Energy Partners, L.P., filed for Chapter 11 in April 2018 and successfully completed its financial restructuring by June 4, 2018, eliminating approximately $355 million in debt. While the company emerged from bankruptcy in 2018, the process of selling off assets and formally winding up the business as a legal entity continued for several years after.