EME Reorganization Trust Announces Cash Distribution - AZTV7/Cable 13, Me-TV 7.2, HSN 7.3, Phoenix-Prescott, AZ

EME Reorganization Trust Announces Cash Distribution

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

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 DateJuly 21, 2014
Payment DateJuly 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.

 

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and AZ-TV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.