Liquidating Distributions

3 Months Ended

Jun. 30, 2013

Liquidating Distributions [Abstract]

Liquidating Distributions

4. Liquidating Distributions

Liquidating distributions in the three months ended June 30, 2013 consisted of the following:

(in thousands)	Fair Value
Distributions during the period	$	10,432
Less: Liquidating distributions payable at March 31, 2013		(16,555	)
Add: Liquidating distributions payable at June 30, 2013		25,046
Total	$	18,923

The distributions during the three months ended June 30, 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 GUC Trust was obligated at June 30, 2013 to distribute 349,789 shares of New GM Stock, 317,941 of New GM Series A Warrants, and 317,941 of New GM Series B Warrants in the aggregate to the following: (1) holders of Resolved Disputed Claims and (2) certain holders of Allowed General Unsecured Claims who had not then satisfied certain informational requirements necessary to receive these securities. In addition, as of June 30, 2013, cash of $0.6 million was then distributable 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.