As a result, the term of the WMIL-Trust may run through March 19, 2021 (unless dissolved earlier or otherwise extended).
Hoffentlich nicht.
LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
außer bei Wille zu transformieren, aber unter bestimmten Umständen verboten
870 Millionen Dollar wurden seit 2012 vom WMILT an LTI-Holder ausbezahlt.
Plus 50? Millionen von der Februar-Tranche 4-Auszahlung
The estimates provided are based on currently available information, and actual distributions, if any, could be less than the range we have estimate...
basieren auf gegenwärtig verfügbaren Informationen.....aktuellen! Verteilungen......hmmm.....
If and when distributions from the Trust become available to Trust Beneficiaries who have not received LTIs to date, additional LTIs will be issued to such Trust Beneficiaries in accordance with the Plan and the distribution priorities that are summarized in Annex C of the Trust Agreement
Also wenn es soweit ist und irgendwas geht schief, erst mal cool bleiben.....
Was passiert, wenn dem Trust das Geld ausgeht ?
Ein Anstieg der Betriebskosten über die aktuelle Schätzung hinaus könnte zu Liquiditätsengpässen für den Trust führen. Wenn die tatsächlichen Ausgaben des Trusts die Finanzierung übersteigen, könnte der Trust eine erhebliche Illiquidität erleiden, es sei denn, andere Vermögenswerte werden liquidiert oder stehen anderweitig zur Monetarisierung zur Verfügung.
Wenn Liquiditätsprobleme auftreten, gibt es keine Garantie dafür, dass der Trust in der Lage sein wird, Vermögenswerte rechtzeitig zu liquidieren oder zu monetarisieren, oder dass eine solche Liquidation oder Monetarisierung zu einer ausreichenden Liquidität führt, um die Aktivitäten des Trust zu finanzieren.
Das heißt, dem Trust geht spätestens 2020 das Geld aus ?
Unrestricted Cash As of December 31, 2018 and 2017, the Trust held $28.0 million and $31.0 million, respectively, in unrestricted cash and cash equivalents. The cash held is principally used to fund the ongoing operations of the Trust during liquidation of the remaining Liquidating Trust Assets.
As noted above, the liquidation basis of accounting requires the Trust to record a liability upfront for costs expected to be incurred during the liquidation of the Liquidating Trust Assets. Based on the status of the Trust’s activities as of December 31, 2018, the Trust estimated total expenses during the remaining life of the Trust to be $16.1 million.
The Trust does not have predictable revenue-generating operations. Therefore, the Trust withheld $10.1 million from funds otherwise available for distribution. After giving effect to this holdback, total funds available for operating purposes were $26.2 million. The Trust’s unrestricted cash balance as of December 31, 2018 was $28.0 million, which balance exceeds the Trust’s current liabilities as of December 31, 2018, including the estimated expenses to be incurred during the remaining term of the Trust, up to March 19, 2021
Was ist, wenn Kostoros keinen Bock mehr hat ?
A new Liquidating Trustee may need to be appointed to complete the distribution of the Liquidating Trust Assets, which could delay the final distribution of Liquidating Trust Assets and dissolution of the Trust.
Was ist, wenn der Empfänger nicht zu ermitteln ist ?
Undeliverable distributions will result in the cancellation of a holder’s entitlement to a distribution. A distribution may be undeliverable (or deemed to be undeliverable) to a holder of an Allowed Claim where (i) such holder does not negotiate a check received by such holder on account of an Allowed Claim and the check is cancelled, (ii) such holder does not provide documentation required under the Plan, including releases and relevant tax forms or (iii) such holder does not advise the Trust of a change of address or other relevant delivery information. Such undeliverable distributions will result in the cancellation of such holder’s entitlement to a distribution.
Wobei ich der festen Meinung bin, daß mit dem Thema human und fair umgegangen werden wird, sollten LTI`s, Schecks o.ä. nicht eintreffen, zustellbar sein, whatever....
If and when distributions from the Trust become available to Trust Beneficiaries who have not received LTIs to date, additional LTIs will be issued to effectuate future distributions. As of December 31, 2018, Allowed Class 18 (Subordinated Claims) totaled $38.2 million, plus $8.4 million of post-petition interest. Disputed claims related to Class 18 (Subordinated Claims) must be addressed prior to distributing additional LTIs or making further cash distributions. A Trust Beneficiary who is never issued an LTI will not receive a distribution from the Trust.
Am 23. Juni 2017 wurden vier der Tochtergesellschaften mit und auf die letzte verbliebene Tochtergesellschaft WaMu 1031 Exchange verschmolzen. Die letzte Tochtergesellschaft, die WaMu 1031 Exchange, die keine Vermögenswerte mehr hielt, wurde am 8. Dezember 2017 aufgelöst.
WARUM 2017 ?
Reorganisierte WMI = WMIH = COOP zahlte an den WMILT viel .....und jetzt nur noch minimal
For services under the TSA, Reorganized WMI paid the Trust $808,606 in 2018, $806,645 in 2017, and $633,051 in 2016. The TSA and its amendments were filed with the SEC. On July 31, 2018, Reorganized WMI consummated its acquisition of Nationstar Mortgage Holdings Inc. The combined entity is now called Mr. Cooper Group Inc. Following such acquisition, the Trust’s personnel have been providing fewer services for Reorganized WMI and, based on the current needs of Reorganized WMI, the Trust anticipates receiving minimal reimbursements under the TSA going forward.
Wollte eigentlich das statement zum CIC - "Glauben wir" lesen, aber bin erst bei Seite 32 von 54
und habe keine Lust mehr. Aber interessant, was bis dahin zu Lesen war....
www.wmitrust.com/wmitrust/document/8817600190404000000000002
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