Woodbridge Liquidation Trust Announces Cash Distribution
GLENDALE, California—June 16, 2022—Woodbridge Liquidation Trust announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trust’s Class A Liquidation Trust Interests
This amount includes a reserve of approximately $850,000 for amounts that are or may become payable (a) in respect of Class A Interests that may be issued in the future upon the allowance of unresolved bankruptcy claims, (b) in respect of Class A Interests issued on account of recently allowed claims, (c) for holders of Class A Interests who failed to cash checks mailed in respect of prior distributions, (d) for distributions that were withheld due to pending avoidance actions, and (e) to holders of Class A Interests for which the Trust is awaiting further beneficiary information.
The distribution amounts to $5.63 per Class A Interest, and will be paid on or about July 15, 2022 to holders of record of Class A Interests as of close of business on June 30, 2022.
Below is a link to the entire 8K for you to read over.
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source https://gregandersonlessonslearned.me/2022/06/20/65-million-distribution/
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