4.	Liquidating Distributions

Liquidating distributions in the three months ended September 30, 2016 consisted of the following:


(in thousands)	Fair Value
Distributions during the three months ended September 30, 2016	$	48
Less: Liquidating distributions payable at June 30, 2016		(7,028	)
Add: Liquidating distributions payable at September 30, 2016		114,038

Total	$	107,058

Liquidating distributions in the six months ended September 30, 2016 consisted of the following:


(in thousands)	Fair Value
Distributions during the six months ended September 30, 2016	$	146
Less: Liquidating distributions payable at March 31, 2016		(6,213	)
Add: Liquidating distributions payable at September 30, 2016		114,038

Total	$	107,971

The distributions during the three and six months ended September 30, 2016 consisted of distributions to (a) 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 and (b) holders of certain Term Loan Avoidance Action Claims.

The GUC Trust was obligated at September 30, 2016 to distribute Distributable Cash of $114.0 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 effect the distribution to which they are entitled and (3) holders of certain Term Loan Avoidance Action Claims as described in Note 3.