Investment liquidating trust

Posted by / 07-Oct-2017 01:40

Investment liquidating trust

Our full array of trust and agency services include serving as custodian for thousands of individual retirement accounts for investors in traditional assets such as mutual funds, money market accounts, and other marketable securities as well as unique assets such as church bonds, privately held companies, and real estate.TMI has a strong desire to be your trust company of choice by actively listening to, learning and then partnering with you to provide the best value proposition for your trust and administration needs.TMI Trust Company (TMI) is a Texas-based trust company with additional locations to serve your trust and agency needs.Additionally, TMI acts as trustee, paying agent and registrar on more than half of all church bond issues in the USA.Eligible former shareholders are those who timely submitted relevant documentation, including the release required under Section 41.6 of the Plan.As of the Effective Date of the Plan, Depository Trust Company ("DTC") established and maintains positions in the Escrow CUSIPs.

On the other hand, closed-end funds are not redeemable and are sold in the secondary market at the current market price.These Escrow CUSIPs represent nominees' positions that would be used to make future distributions, if any, of common stock issued by WMI Holdings Corp. Pursuant to the Plan, such shares of WMIHC's common stock were deposited in the Disputed Equity Escrow established in accordance with the Plan and are to be maintained in the Disputed Equity Escrow until such time as Claims involving Disputed Equity Interests are either allowed or disallowed.Upon resolution of those Claims, the related portion of the shares maintained in the Disputed Equity Escrow will be distributed to the claimant holding the newly allowed claim or, if the claim is disallowed, the related portion of the shares will be redistributed to beneficiaries of the Trust in accordance with the distribution mechanics set forth in the Plan.UITs are sold by investment advisors and an owner can redeem the units to the fund or trust, rather than placing a trade in the secondary market.A UIT is either a regulated investment corporation (RIC) or a grantor trust.

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Assuming the planned asset sales and capital transactions occur as scheduled, the Company could generate upwards of $165M in cash prior to commencement of the liquidating trust in August.

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