Haut drauf oder baut auf - ganz wie's belieben.
Grüße Abenteurer
Lehman Brothers Holdings Inc. (LEH)
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"Case Information"
To see a copy of the Plan Trust – Beneficiary and Grantor Statement, please click here.
GRANTOR AND BENEFICIARY STATEMENT
TH FLOOR
NEW YORK, NY 10020
Background On December 6, 2011, the United States Bankruptcy Court for the Southern District of New York entered an order confirming the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. ("LBHI") and its Affiliated Debtors (the "Plan"). On March 6, 2012 (the "Effective Date"), the Plan became effective. The Plan provided for the creation of the Lehman Brothers Holdings Inc. Plan Trust (the "LBHI Plan Trust"). Pursuant to the Plan, LBHI and certain individuals designated pursuant to the Plan as trustees (the "Trustees") entered into a trust agreement (the "Plan Trust Agreement"), effective as of March 6, 2012, establishing the LBHI Plan Trust. Pursuant to the Plan, as of the Effective Date, all existing shares of common stock and preferred stock issued by LBHI were cancelled, and LBHI issued one new share of common stock (the "Plan Trust Stock") to the LBHI Plan Trust, which holds such share for the benefit of such former stockholders of LBHI consistent with their former relative priority and economic entitlements. The Plan Trust Stock comprises the sole asset of the LBHI Plan Trust, and the beneficial interests in the LBHI Plan Trust are nontransferable. i.e., the Plan Trust Stock) in accordance with its former relative priority and economic entitlements as a stockholder. LBHI Plan Trust Reporting Pursuant to § 3.6(a)(i) of the Plan Trust Agreement, and the letter sent to each stockholder in August and September of 2012, within seventy-five (75) days following the end of each calendar year or as soon as practicable thereafter, the Trustees will annually furnish to each beneficiary a separate statement setting forth the holder’s share of items of income, gain, loss, deduction, or credit, if any, for U.S. federal income tax purposes by posting on our website, at www.lehman-docket.com and shall provide instructions to report such items on their federal income tax returns U.S. Federal Income Tax Reporting The following income, deductions, and credits are the income, deductions, and credits of the LBHI Plan Trust and, as to their allocable portion, to be reported on the U.S. federal income tax return of the grantors and beneficiaries, if required. All holders must report all allocable items on their U.S. federal income tax returns in accordance with relevant tax laws or forward the information to the holders with instructions to report such items on their U.S. federal income tax returns. Each grantor and beneficiary should consult with his or her tax professional to determine his or her individual reporting requirements. Taxable income under §§ 671 through 678 of the Internal Revenue Code……… $0 Deductions applied to income above……………………………………………... $0 Credits applied to income above…………………………………………………. $0 Liquidating Trust Status For U.S. federal income tax purposes, the LBHI Plan Trust is treated as a "liquidating trust" taxable as a "grantor trust" of which the former LBHI stockholders are regarded as the grantors. Each former stockholder of LBHI that is a beneficiary of the LBHI Plan Trust is treated for U.S. federal income tax purposes as a direct owner of the underlying assets of the LBHI Plan Trust ( LEHMAN BROTHERS HOLDINGS INC. PLAN TRUST 1271 AVENUE OF THE AMERICAS, 40
http://bankrupt.com/misc/LBHI_ContributionAgreement.pdf
(v) The capital stock or other equity interests or investment, including marketable securities, in any Person, including the LBHI Subsidiaries, or in any joint venture;
24. Pursuant to the Contribution Agreement, LBHI will transfer to LAMCO
International all of LBHI’s equity interests in its international asset management companies,
LBHI Services Ltd. and LBHI Estates Ltd. The contribution of LBHI Estates Ltd., however, will
be subject to the requisite regulatory approvals associated with such contribution. In the event
that LBHI Estates Ltd. is not contributed at closing as a result of failure to obtain requisite
regulatory approvals prior to such time, the parties will continue to take all actions necessary to
obtain such approvals and, upon obtaining such approvals, will take all actions necessary to
promptly consummate the contribution of LBHI Estates Ltd. to LAMCO International.
Additionally, LBHI may take additional action, with the consent of the Creditors’ Committee, to
integrate into LAMCO International after the closing, certain asset management staff and
resources located outside of the United States and the United Kingdom.
Hier ist die Antwort von einem Mitarbeiter von LEH in Bezuhg auf die Auszahlung fuers Jahr 2012: ( ich werde bestimmt anrufen)
Thanks for your question, Jerri. I am going to refer you to the Epiq website atwww.lehman-docket.com. Once there, take a look at the “Frequently Asked Questions” in the left hand corner of the web page. If you do not find an answer to your question in these FAQs, please dial the appropriate phone number at the top of the web page (US – 1-866-879-0688, Non-US 1-503-597-7691) with your claims question.
Thank you,
( ich werde bestimmt anrufen)
Wozu? Klappts mit dem Lesen nicht? Glaubst Du im Ernst die erzählen Dir was anderes als in dieser wahrlich ausführlichen FAQ steht? Punkte 62, 64, 65, 66 empfehle ich besonders zur Lektüre.
Bist du geaergert weil du LEHMQ verkaufst hast um WAMUQ zu kaufen?
Aber bitte, erstens, was hast du gelesen?
Ich rede gerade nur ueber die Auszahlung fuers 2012, wie bei der seite epi11.com steht.
Muss man andere Meinungen daueber haben?!das Dokument ist sehr klar: Dividend fuers Jahr 2012 fuer Preferred und LEHMQ ( OBS )
Ich sags Dir nochmals, es gibt keine "dividend fürs Jahr 2012" für Equity aller Arten. In der Dir von "einem Mitarbeiter" anempfohlenen FAQ (die von Ende März 2013 datiert) steht übrigens x-fach drin, dass nicht zu erwarten ist, dass JEMALS irgendwas an Equity gezahlt werden wird.
Was man sich anhand der vor kurzer Zeit verlinkten Zahlen auch selbst ausrechnen kann.
Und nun kannst Du gerne weiterträumen. Angesichts der Cancellation ist es Dir ja ohnedies nicht mehr möglich, irgendwen zum Kauf zu verleiten. Und Poly hört Dir wohl auch noch in 10 Jahren zu.
Geht es dir gut, Pfand ?
Deine Lehmq sind nicht in Escrow?oh, wie schade, vielleicht weil du die alle verkaufst hast.Besser so, dein Geld ist sicher:)
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" Moreover, pursuant to the Plan, the holders of Equity Interest will maintain their economic interests in any residual assets of the Debtor after the satisfaction of all Allowed Claims, which economic interest will be nontransferable"
the Trustees shall also annually send to each Beneficiary a separate statement setting forth the holder’s share of items of income, gain, loss, deduction, or credit, if any, and will instruct all such holders to report such items on their federal income tax returns or to forward the appropriate information to the holders with instructions to report such items on their federal income tax returns.
Thanks for your question, Jerri. I am going to refer you to the Epiq website atwww.lehman-docket.com. Once there, take a look at the “Frequently Asked Questions” in the left hand corner of the web page. If you do not find an answer to your question in these FAQs, please dial the appropriate phone number at the top of the web page (US – 1-866-879-0688, Non-US 1-503-597-7691) with your claims question.
Thank you,
H.
Alvarez & Marsal employs CPAs but is not a licensed CPA firm.
From: Jerri @yahoo.com]
Sent: Tuesday, April 23, 2013 10:52 AM
To: @lehmanholdings.com
Subject: Grantor Statement
Dear Mr H.
I am an investor from X
I have LEHMQ in my portfolio and i would like to know about the Beneficiary and Grantor Statement......
PLAN TRUST AGREEMENT
This Plan Trust Agreement (this “Trust Agreement”), dated and effective as [—], 2011, by and among Lehman Brothers Holdings Inc. (“LBHI”)
WHEREAS, the Plan Trust is created on behalf of, and for the sole benefit of, the holders of record of LBHI Stock (including any permitted successor record holder thereof, the “Beneficiaries”);
WHEREAS, the Plan provides that on the Effective Date all LBHI Stock is to be canceled and LBHI shall issue the Plan Trust Stock (which shall replace the canceled LBHI Stock) to the Plan Trust, to be held for the benefit of the Beneficiaries consistent with their former relative priority and economic entitlements as holders of LBHI Stock and Sections 4.17(b) and (c) of the Plan; and
1.1 Purpose of the Plan Trust. The Plan Trust is established for the sole purpose of (i) holding the Plan Trust Stock in accordance with the Plan and with no objective or authority to continue or engage in the conduct of a trade or business, (ii) aiding in the implementation of the Plan and (iii) receiving and distributing any proceeds with respect to the Plan Trust Stock pursuant to the Plan (the “Stock Distributions”), in each of cases (i) through (iii), for the benefit of the Beneficiaries consistent with the relative priority and economic entitlements of their former holdings of LBHI Stock immediately prior to the Commencement Date. Accordingly, the Trustees shall, and hereby represent that they shall, in an expeditious but orderly manner, make timely distributions of any Stock Distributions and not unduly prolong the duration of the Plan Trust. Nothing in this Section 1.1 shall be deemed to permit the Trustees to sell, liquidate, distribute or otherwise transfer or encumber the Plan Trust Stock.
1.5 Rights of Beneficiaries. The Beneficiaries shall be the beneficial owners of the Plan Trust created by this Trust Agreement and the Trustees shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein. In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, the Plan Trust may receive Stock Distributions which will then be distributable among the Beneficiaries consistent with each Beneficiary’s rights of payment as holders of LBHI Stock existing immediately prior to the Commencement Date, subject to all of the terms and provisions of this Trust Agreement, the Plan and the Confirmation Order (the Beneficiaries’ interests in such Stock Distributions and the Plan Trust Stock, the “Interests”).
2.2 Non-Transferability of Interests. The Interests shall not be certificated and shall not be transferable, assignable, pledged or hypothecated, in whole or in part, except with respect to a transfer by will or under the laws of descent and distribution. Any such permitted transfer, however, will not be effective until and unless the Trustees, or their designee, receive written notice of such transfer.
3.5 (a) Periodic Distribution; Withholding. The Trustees shall distribute to the Beneficiaries Stock Distributions as soon as practicable following receipt thereof and at least annually; provided, however, that prior to making any distribution to Beneficiaries, the Plan Trust may retain such amounts, in each case to the extent not paid for by LBHI, (i) as are reasonably necessary to meet contingent liabilities and to maintain the value of the assets of the Plan Trust during liquidation, (ii) to pay actual, reasonable and necessary administrative expenses (including the actual, reasonable and necessary fees, costs and expenses of the Trustees and all professionals they retain and any taxes imposed on the Plan Trust or in respect of the assets of the Plan Trust), and (iii) to satisfy other liabilities incurred or assumed by the Plan Trust (or to which the assets of the Plan Trust are otherwise subject) in accordance with the Plan or this Trust Agreement. All such distributions shall be made consistent with the Beneficiaries’ rights as holders of LBHI Stock existing prior to the Commencement Date, subject to the terms of the Plan and this Trust Agreement. The Trustees may withhold from amounts distributable to any Person any and all amounts, determined in the Trustees’ reasonable sole discretion, to be required by any law, regulation, rule, ruling, directive or other governmental requirement. Notwithstanding the foregoing, in no event shall any Beneficiary receive a distribution of Plan Trust Stock. 6 (b) Manner of Payment or Distribution. All distributions made by the Trustees to Beneficiaries shall be payable to the holders of Interests of record as of the 20th day prior to the date scheduled for the distribution, unless such day is not a Business Day, in which case such day shall be the following Business Day (the “Record Date”). If the distribution shall be in Cash, the Trustees shall distribute such Cash by wire, check, or such other method as the Trustees deem appropriate under the circumstances.
Ich habe gestern die Telefonnumer angerufen.
Es scheint, Sie koennen nichts bestimmtes sagen.
Warscheinlich am 30. April, kriegt LEH Geld von Dividenden von Equity Residential und da haben Sie Geld zu dem OBS zu schicken
Hoffe, die ersten paar Wochen von Mai, werde wir Geld fuers Jahr 2012 bekommen
4.17 LBHI Class 12 – Equity Interests in LBHI. (a) Impairment and Voting. LBHI Class 12 is impaired by the Plan. Each holder of an Equity Interest in LBHI Class 12 is not entitled to vote to accept or reject the Plan and is conclusively deemed to have rejected the Plan. (b) Stock Exchange. On the Effective Date, all LBHI Stock shall be cancelled and the Plan Trust Stock shall be issued to the Plan Trust which will hold such share for the Seite 169.in the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI may receive its share of any remaining assets of LBHI
Stock Cancellation Questions 62. I was a Stockholder prior to the filing, what happened to my stock?
On the Effective Date (March 6, 2012), the LBHI common and preferred stock were cancelled and
one new share of LBHI common stock was issued to the Lehman Brothers Holdings Inc. Plan
Trust (the “LBHI Plan Trust”) which will hold such share for the benefit of the former holders of
LBHI common and preferred stock consistent with their former relative priority and economic
entitlements. In place of your old shares, an escrow position was created to act as a placeholder
in your account and to represent your beneficial interest in the LBHI Plan Trust and your indirect
interest in the new share of LBHI common stock for any potential future distributions. The
beneficial interests in the LBHI Plan Trust held by former LBHI stockholders are uncertificated,
non-voting, and nontransferable other than by will or by the laws of descent and distribution. The
escrow position will correspond to the number of old shares you held as of the Effective Date
consistent with your former relative priority and economic entitlements. The Plan states that in
the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in
accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest (as defined
in the Plan) in LBHI may receive its share of any remaining assets of LBHI consistent with all
rights and priorities existing immediately prior to the commencement of the chapter 11 cases. At
this time it is not anticipated that any distribution will be made to the LBHI Plan Trust or to any
beneficiary of the LBHI Plan Trust.
63. What do I do with my stock certificates?
As the stock was cancelled pursuant to the Plan, you are not required to take any action with
respect to the stock you hold.
64. I now hold a beneficial interest in the LBHI Plan Trust.
What does this mean? It means you have an escrow position or a “placeholder” for any
potential future distributions by the LBHI Plan Trust resulting from any distributions received by the LBHI Plan Trust in respect of the single share of LBHI common stock it holds. c. Is it worth anything? The Plan states that in the event that all Allowed Claims in LBHI f. Can I trade it? No. The beneficial interests in the LBHI Plan Trust are non-transferable. The continuing rights of holders of Equity Interests (including through their interest in the LBHI Plan Trust Stock or otherwise) shall be nontransferable except by will or under the laws of descent and distribution. Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI may receive its share of any remaining assets of LBHI. At this time it is not anticipated that any distribution will be made to any holder of an Equity Interest in LBHI. Additionally, the beneficial interests in the LBHI Plan Trust are non-transferable and non-voting. a.
www.lehman‐docket.com). the LBHI Plan Trust for their tax returns? Within seventy-five (75) days following ii.
Is the cancellation of LBHI stock taxable to holders? A former holder of LBHI
v.
How will beneficiaries of the LBHI Plan Trust receive information regarding
the end of the calendar year or as soon as practicable thereafter, the trustees of the LBHI Plan Trust will furnish to the beneficiaries the information regarding the income, gain, loss, deduction or credit (if any) of the LBHI Plan Trust (as computed for U.S. federal income tax purposes) for the calendar year just ended, by posting such information at (
stock (common or preferred) should not recognize gain or loss for U.S. federal
income tax purposes solely by reason of the cancellation of its LBHI stock pursuant
to the Plan. As a beneficiary of the LBHI Plan Trust, each holder will continue to be
regarded as owning for U.S. federal income tax purposes a direct interest in the
single share of LBHI common stock held by the LBHI Plan Trust with the same
relative priority and economic entitlements as the LBHI stock previously held.
65. As a former stockholder, am I entitled to a distribution?
If you previously held common stock or preferred stock of LBHI and, as a result, now hold a
beneficial interest in the LBHI Plan Trust, after all Allowed Claims in LBHI Classes 1 through 11
have been satisfied in full in accordance with the Bankruptcy Code and the Plan, and the LBHI
Plan Trust receives a distribution in respect of the single share of LBHI common stock it holds,
you may receive a distribution in respect of your beneficial interest in the LBHI Plan Trust. At this
time, it is not anticipated that any distribution will be made to the LBHI Plan Trust or to any holder
of an Equity Interest in LBHI. For all other Plan Classes, please refer to the Plan.
66. If a distribution is made to former stockholders (now holders of beneficial interests in the LBHI Plan Trust), how will I know?
If you held your Class 12 Interests in a brokerage account, the distribution will be deposited into
your account. If you held your Class 12 Interest as a registered holder in your own name,
notification will be made.
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