Aremissoft liquidating trust 2016
About Winthrop Realty Liquidating Trust Winthrop Realty Liquidating Trust was formed to continue the liquidation process of remaining assets held by Winthrop Realty Trust at August 5, 2016.The Trust’s sole purpose is to continue to seek to sell these assets in an orderly fashion to maximize value to its beneficiaries.
“A character like Marc”—the two crossed paths later in his life when both were focused on detecting fraud—“you stay away from.”And that’s been relatively easy for at least part of the past eight years.These decreases were partially offset by a decrease in the estimated fees payable to the Company’s advisor due to the reduction in the overall liquidation value.Properties Currently Being Marketed for Sale Distributions On August 23, 2016 paid a liquidating distribution of $1.00 per unit to holders of record on August 17, 2016.Forward-Looking Statements“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995.The statements in this release state the Company’s and management's hopes, intentions, beliefs, expectations or projections of the future and are forward-looking statements for which the Company claims the protections of the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995.As previously disclosed, beneficial interests in the Company (“units”) are generally not transferable except by will, intestate succession or operation of law.
Financial Results The Company reported that estimated net assets in liquidation at December 31, 2016 are currently estimated to result in future liquidating distributions of approximately $9.00 per unit.
on Alder Lane Farm, about an hour north of San Francisco on the edge of Sonoma wine country.
While horses stir in their stables and chickens begin to roam the 20-acre property, one of the world’s most fearsome short sellers puts on his usual attire—shorts and flip-flops—and makes his way in the dark to the room behind his garage.
This estimate of future liquidating distributions includes projections of costs and expenses to be incurred during the period required to complete the plan of liquidation.
There is inherent uncertainty with these projections and, accordingly, these projections could change materially based on a number of factors both within and outside of Winthrop’s control including market conditions, the timing of sales, the performance of underlying assets and any changes in the underlying assumptions of projected cash flows.
It is important to note that future events and the Company’s actual results could differ materially from those described in or contemplated by such forward-looking statements.