Liquidating Distributions

Liquidating distributions in the three months ended December 31, 2014 consisted of the following:


(in thousands)	Fair Value
Distributions during the three months ended December 31, 2014	$	240,640
Less: Liquidating distributions payable at September 30, 2014		(248,763	)
Add: Liquidating distributions payable at December 31, 2014		6,033

Total	$	(2,090	)

Liquidating distributions during the nine months ended December 31, 2014, consisted of the following:


(in thousands)	Fair Value
Distributions during the nine months ended December 31, 2014	$	244,188
Less: Liquidating distributions payable at March 31, 2014		(42,111	)
Add: Liquidating distributions payable at December 31, 2014		6,033

Total	$	208,110

The distributions during the three and nine months ended December 31, 2014 consisted of (1) excess distributions and (2) distributions to 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.

Distributions during the three months ended December 31, 2014 aggregate to an increase in net assets in liquidation during the period primarily due to a decline in the fair value of New GM Securities included in liquidating distributions payable at September 30, 2014 to their fair value on the date of the excess distribution on or about November 12, 2014.

The GUC Trust was obligated at December 31, 2014 to distribute 79,796 shares of New GM Stock, 72,441 of New GM Series A Warrants, and 72,441 of New GM Series B Warrants in the aggregate to certain holders of GUC Trust Units and certain holders of Allowed General Unsecured Claims who had not yet satisfied certain informational requirements necessary to receive these securities. In addition, as of December 31, 2014, cash of $0.2 million was then distributable as follows: (a) for Dividend Cash associated with the New GM Common Stock that the GUC Trust was obligated to distribute at December 31, 2014, (b) to governmental entities which are precluded by applicable law from receiving distributions of New GM Securities, and (c) for distributions in lieu of fractional shares and warrants.