Liquidating Distributions

12 Months Ended

Mar. 31, 2013

Liquidating Distributions [Abstract]

Liquidating Distributions

5. Liquidating Distributions

Liquidating distributions in the years ended March 31, 2013 and 2012 consisted of the following:

(in thousands)	2013			2012
Distributions during the year	$	44,554		$	7,851,746
Less: Liquidating distributions payable at beginning of year		(31,720	)		—
Add: Liquidating distributions payable at end of year		16,555			31,720
Total	$	29,389		$	7,883,466

The distributions during the year ended March 31, 2013 consisted of distributions to (1) holders of Resolved Disputed Claims and (2) 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. The distributions during the year ended March 31, 2012 included those distributions and two distributions in respect of all outstanding GUC Trust Units.

The GUC Trust was obligated at March 31, 2013 and 2012 to distribute 288,600 and 622,637 shares, respectively, of New GM Stock, 262,306 and 565,896, respectively, of New GM Series A Warrants, and 262,306 and 565,896, respectively, of 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 (at March 31, 2012). In addition, as of March 31, 2013, cash of $0.6 million was then distributable in lieu of shares and warrants. Such cash distributions payable are to governmental entities which are precluded by applicable law from receiving distributions of New GM Securities and for distributions in lieu of fractional shares and warrants.