Distribution Information
ResCap Liquidating Trust
Summary of Distributions to Unitholders |
Distribution # |
Date Declared |
Record
Date |
Distribution Date |
Total Amount Distributed |
Cumulative Distributed |
Amount Per Unit |
Cumulative Per Unit |
1 |
N/A |
12/17/2013 |
12/27/2013 |
$1,765,000,000 |
$1,765,000,000 |
$17.6500 |
$17.6500 |
2 |
5/15/2014 |
5/23/2014 |
6/9/2014 |
$115,000,000 |
$1,880,000,000 |
$1.1500 |
$18.8000 |
3 |
9/18/2014 |
10/2/2014 |
10/17/2014 |
$150,000,000 |
$2,030,000,000 |
$1.5000 |
$20.3000 |
4 |
3/6/2015 |
3/16/2015 |
3/31/2015 |
$200,000,000 |
$2,230,000,000 |
$2.0000 |
$22.3000 |
5 |
5/3/2017 |
5/18/2017 |
6/2/2017 |
$200,000,000 |
$2,430,000,000 |
$2.0000 |
$24.3000 |
6 |
8/2/2017 |
8/17/2017 |
9/1/2017 |
$150,000,000 |
$2,580,000,000 |
$1.5000 |
$25.8000 |
* |
9/29/2017 |
N/A |
N/A |
$(28,603,867) |
$2,551,396,133 |
$– |
$25.8000 |
7 |
11/16/2017 |
11/27/2017 |
12/12/2017 |
$140,000,000 |
$2,691,396,133 |
$1.4156 |
$27.2156 |
8 |
12/4/2017 |
12/14/2017 |
12/29/2017 |
$100,000,000 |
$2,791,396,133 |
$1.0112 |
$28.2268 |
** |
3/30/2018 |
N/A |
N/A |
$(902,383) |
$2,790,493,750 |
$– |
$28.2268 |
9 |
5/25/2018 |
6/28/2018 |
7/13/2018 |
$350,000,000 |
$3,140,493,750 |
$3.5403 |
$31.7671 |
10 |
11/16/2018 |
12/13/2018 |
12/28/2018 |
$100,000,000 |
$3,240,493,750 |
$1.0115 |
$32.7786 |
*On September 29, 2017, 1,108,677 Units of Beneficial Interest in the Trust were cancelled, bringing Trust Units outstanding to 98,891,323. Previously declared distributions of $25.80 per Unit for the cancelled Units were reversed.
**On March 31, 2018, 31,969 Units of Beneficial Interest in the Trust were cancelled, bringing Trust Units outstanding to 98,859,354. Previously declared distributions of $28.2268 per Unit for the cancelled Units were reversed.
Timing of Distributions
In accordance with Sections 5.2 and 5.3 of the Liquidating Trust Agreement (“LTA”), distribution dates are determined by the Liquidating Trust Board (the “Board”), and are required to occur no less frequently than semi annually, unless the Board determines that the aggregate amount of cash distribution makes a distribution impracticable. In such a case, the cash will be distributed on a subsequent distribution date. Distributions are made to Unitholders as of a distribution record date established by the Board which will be between 15 to 30 days before the distribution date. The Trust will announce and post to the website the record date and distribution amount for an upcoming distribution at least 5 business days before each record date.
Tax Treatments
The Trust does not have the necessary information concerning the identity and tax status of its unit holders to complete any required tax withholding. Thus, the Trust will distribute the gross amount of the distribution to brokers (through DTC) and anticipates that any required tax withholding will be effected by U.S. brokers (or other nominees). Unit holders should refer to the Liquidating Trust website and consult with their tax advisors with respect to the tax treatment of any distribution.
Forms
Blank copies of the IRS Form W-9, W-8BEN, and the Securities Account Information Form are available for download here:
Any completed forms should be returned to the following email or address: ResCapLiquidatingTrust@rescapestate.com or
ResCap Liquidating Trust
P.O. Box 385220
Bloomington, Minnesota 55438