Liquidating Distributions

Liquidating distributions in the three months ended December 31, 2015 consisted of the following:


(in thousands)	Fair Value
Distributions during the three months ended December 31, 2015	$	129,990
Less: Liquidating distributions payable at September 30, 2015		(131,885	)
Add: Liquidating distributions payable at December 31, 2015		4,612

Total	$	2,717

Liquidating distributions during the nine months ended December 31, 2015, consisted of the following:


(in thousands)	Fair Value
Distributions during the nine months ended December 31, 2015	$	130,239
Less: Liquidating distributions payable at March 31, 2015		(7,714	)
Add: Liquidating distributions payable at December 31, 2015		4,612

Total	$	127,137

The distributions during the three and nine months ended December 31, 2015 consisted of (1) distributions to holders of GUC Trust Units for excess distributions payable 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.

The GUC Trust was obligated at December 31, 2015 to distribute Distributable Cash of $4.6 million to the following: (1) holders of GUC Trust Units for excess distributions payable, (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 certain Term Loan Avoidance Action Claims as described in Note 3.