Liquidating Distributions

9 Months Ended

Dec. 31, 2012

Liquidating Distributions [Abstract]

Liquidating Distributions

4. Liquidating Distributions

Liquidating distributions in the quarter ended December 31, 2012 consisted of the following:

(in thousands)	Fair Value
Distributions during the quarter ended December 31, 2012	$	7,690
Less: Liquidating distributions payable at September 30, 2012		(54,757	)
Add: Liquidating distributions payable at December 31, 2012		67,704
	$	20,637

Liquidating distributions in the nine months ended December 31, 2012 consisted of the following:

(in thousands)	Fair Value
Distributions during the nine months ended December 31, 2012	$	39,802
Less: Liquidating distributions payable at March 31, 2012		(31,720	)
Add: Liquidating distributions payable at December 31, 2012		67,704
	$	75,786

The distributions during the quarter and nine months ended December 31, 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 periods.

The GUC Trust was obligated at December 31, 2012 to distribute 1,168,970 shares of New GM Common Stock, 1,062,583 New GM Series A Warrants and 1,062,583 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. In addition, cash of $10,666 was then distributable in lieu of fractional shares and warrants.