Woodbridge Liquidation Trust Declares an Aggregate Cash Distribution on the Trust’s Class A Liquidation Trust Interests, Payable on or About January 27, 2021
January 07, 2021 at 02:53 pm EST
Woodbridge Liquidation Trust announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate cash distribution of $50,000,000 on the Trust’s Class A Liquidation Trust Interests (the Class A Interests). This amount includes a reserve of approximately $717,000 for the issuance of additional Class A Interests based on estimated bankruptcy claims subject to future allowance pursuant to the First Amended Joint Chapter 11 Plan of Liquidation dated August 22, 2018 of Woodbridge Group of Companies, LLC and its Affiliated Debtors (the Plan). The distribution amounts to $4.28 per Class A Interest, and will be paid on or about January 27, 2021 to holders of record of Class A Interests as of close of business on January 18, 2021.