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SOURCE EME Reorganization Trust
SANTA ANA, Calif., July 15, 2014 /PRNewswire/ -- EME Reorganization Trust (OTCBB: EMEZU) announced that its board of managing trustees has approved a cash distribution of $0.02394 per beneficial interest. The distribution will be paid on July 31, 2014 to all record holders of beneficial interests as of the close of business on July 21, 2014. Immediately prior to the distribution, there will be 3,853,697,304 issued and outstanding beneficial interests of the Trust.
Record Date: July 21, 2014
Payment Date: July 31, 2014
Distribution Amount: $0.02394 per beneficial interest
The distribution is the result of the successful resolution by the EME Reorganization Trust of certain previously disputed claims and the true up process related to the final purchase price in the NRG sale transaction. These actions resulted in a release of excess amounts that had been set aside in certain reserve accounts in the aggregate gross amount of approximately $98.3 million.
EME Reorganization Trust was formed in connection with the confirmation and consummation of the Third Amended Joint Chapter 11 Plan of Reorganization (with Technical Modifications) for Edison Mission Energy and certain of its subsidiaries (the Plan). The Plan became effective on April 1, 2014. The primary purpose of the EME Reorganization Trust is to resolve claims, liquidate remaining assets and make distributions as appropriate to holders of its beneficial interests.
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