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Posted by / 30-Jan-2018 14:38

Pro rata liquidating distribution

As of the Effective Date of the Plan, Depository Trust Company ("DTC") established and maintains positions in the Escrow CUSIPs.

, Azure filed voluntary petitions with the Court under chapter 11 of title 11 of the U. Awards granted and vested under the partnership's 2013 long term incentive plan will be converted into the right to receive the amount, if any, they would be entitled to as holders of the equivalent number of common units vested and issued as of .Copies of the Plan, the Court's order confirming the Plan and Azure's notice of Effective Date of the Plan are available at /PRNewswire/ -- WMI Liquidating Trust, formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the "Plan") of Washington Mutual, Inc.Under the terms of the Plan, a portion of the allowed, secured claims arising under Debtors' prepetition credit agreement (the "Secured Claims") shall continue to be paid pursuant to the Plan and, thereafter, the Debtors shall pay all allowed tax claims, administrative expense claims, professional fees and expenses, general unsecured claims, and any costs associated with winding down the Debtors' estates.After such claims have been paid in full, any remaining cash will be used to first satisfy the remainder of allowed Secured Claims.

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A dividend or share buyback is a distribution of cash to investors.