Investment liquidating trust


09-Jan-2020 21:28

UPDATE FOR ALL G REIT INVESTORS – JUNE 2018 In 2017 a distribution check was delivered to all investors following receipt of a

UPDATE FOR ALL G REIT INVESTORS – JUNE 2018 In 2017 a distribution check was delivered to all investors following receipt of a $1,000,000 partial payment from the obligor under the single remaining asset of G REIT, a promissory note in the principal amount of $12,000,000 (the “Note”).

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UPDATE FOR ALL G REIT INVESTORS – JUNE 2018 In 2017 a distribution check was delivered to all investors following receipt of a $1,000,000 partial payment from the obligor under the single remaining asset of G REIT, a promissory note in the principal amount of $12,000,000 (the “Note”).

Though the Trustees initially anticipated issuing additional partial distribution payments, it has been determined that a single final distribution will be made upon repayment of the balance due under the Note.

The unsecured creditors would be paid off with the cash from liquidation, and if any funds are left after settling all creditors, the shareholders will be paid according to the proportion of shares each holds with the insolvent company.

Not all liquidation is as a result of insolvency, however.

A company may also undergo a voluntary liquidation, which occurs when shareholders of the company elect to wind down the company.

The petition for voluntary liquidation is filed by shareholders when it is believed that the company has achieved its goals and purpose.

The market price of a closed-end fund is based on investor demand and not as a calculation of net asset value.

,000,000 partial payment from the obligor under the single remaining asset of G REIT, a promissory note in the principal amount of ,000,000 (the “Note”).

While businesses can liquidate assets to free up cash even in the absence of financial hardship, asset liquidation in the business world is mostly done as part of a bankruptcy procedure.

An investor that is long a stock may decide to sell some or all of the shares held in his portfolio for cash.

Liquidating an asset is usually carried out when an investor or portfolio manager needs the cash to re-allocate funds or re-balance the portfolio.

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.

The shareholders appoint a liquidator who dissolves the company by collecting the assets of the solvent company, liquidating the assets, and distributing the proceeds to employees who are owed wages and to creditors in order of priority.