Liquidating Distributions

3 Months Ended

Jun. 30, 2012

Liquidating Distributions [Abstract]

Liquidating Distributions

4. Liquidating Distributions

Liquidating distributions in the quarter ended June 30, 2012 consisted of the following:

(in thousands)	Fair Value
Distributions during the quarter ended June 30, 2012	$	11,851
Less: Liquidating distributions payable at March 31, 2012		(31,720	)
Add: Liquidating distributions payable at June 30, 2012		39,711
	$	19,842

The distributions during the quarter ended June 30, 2012 consisted solely of distributions to holders of Resolved Disputed Claims, and holders of Allowed General Unsecured Claims who previously failed to fulfill informational requirements for distribution established in accordance with the GUC Trust Agreement, but subsequently successfully fulfilled such information requirements. Because the amount of Excess GUC Trust Distributable Assets did not exceed the Distribution Threshold, no distribution to holders of GUC Trust Units was made during the quarter.

The GUC Trust was obligated at June 30, 2012 to distribute 1,106,095 shares of New GM Stock, 1,005,465 New GM Series A Warrants and 1,005,465 New GM Series B Warrants in the aggregate to the following:(1) holders of Resolved Disputed Claims, (2) certain holders of Allowed General Unsecured Claims who had not then satisfied certain informational requirements necessary to receive these securities, and (3) holders of GUC Trust Units which were not so distributed because the amount of Excess GUC Trust Distributable Assets did not exceed the Distribution Threshold set forth in the GUC Trust Agreement.