Net Assets in Liquidation (Tables)

3 Months Ended

Jun. 30, 2018

Schedule of Cash and Cash Equivalent and Marketable Securities

As of June 30, 2018, cash and cash equivalents and marketable securities aggregated $506.4 million and are comprised of the following:


(in thousands)
Distributable Cash (including associated Dividend Cash)	$	484,507
Other Administrative Cash		19,826
Administrative Fund		1,708
Residual Wind-Down Assets		172
Funds for Indenture Trustee / Fiscal Paying Agent Costs		142

Total	$	506,355

Schedule of GUC Trust Units

The following table presents the changes during the three months ended June 30, 2018, in the number of GUC Trust Units outstanding or which the GUC Trust was obligated to issue:


	Trust Units
Outstanding or issuable as of March 31, 2018		31,855,504
Issued during the period		—
Less: Issuable as of beginning of period		—
Add: Issuable as of end of period (1)		2

Outstanding or issuable as of June 30, 2018 (2)(3)		31,855,506

(1)	The number of GUC Trust Units issuable at any time represents GUC Trust Units issuable in respect of Allowed General Unsecured Claims that were newly allowed during the fiscal quarter.

(2)

The number of GUC Trust Units outstanding at any time represents GUC Trust Units issued in respect of Allowed General Unsecured Claims that were allowed in prior periods, including GUC Trust Units held by the GUC Trust for the benefit of (a) holders of Allowed General Unsecured Claims who had not yet supplied information required by the GUC Trust in order to effect the initial distribution to which they are entitled and (b) governmental entities that are precluded by applicable law from receiving distributions of GUC Trust Units.

(3)	The number of GUC Trust Units outstanding or issuable as of the end of the quarter does not equal the amount of Allowed General Unsecured Claims on a 1 to 1,000 basis at the corresponding date because of additional GUC Trust Units that were issued due to rounding.

Allowed and Disputed General Unsecured Claims and Potential Term Loan Avoidance Action Claims

The following table presents a summary of activity with respect to Allowed and Disputed General Unsecured Claims and Term Loan Avoidance Action Claims for the three months ended June 30, 2018:


(in thousands)	Allowed General Unsecured Claims		Disputed General Unsecured Claims (1)		Term Loan Avoidance Action Claims			Maximum Amount of Unresolved Claims (2)			Total Claim Amount (3)
Total, March 31, 2018	$	31,855,432	$	50,000	$	1,494,986		$	1,544,986		$	33,400,418
New Allowed General Unsecured Claims		2		—		—			—			2
Disputed General Unsecured Claims resolved or disallowed		—		—		—			—			—
Term Loan Avoidance Action Claims resolved or disallowed		—		—		(143	)		(143	)		(143	)

Total, June 30, 2018	$	31,855,434	$	50,000	$	1,494,843		$	1,544,843		$	33,400,277

(1)

Remaining Disputed General Unsecured Claims represent a general claim contingency for any future disputed claims or other obligations of the GUC Trust. The GUC Trust has set aside from distribution an aggregate of $14.8 million for this general claim contingency (i.e., $296 in Distributable Cash per $1,000 of Allowed General Unsecured Claims, as provided in the Plan).

(2)	Maximum Amount of Unresolved Claims represents the sum of Disputed General Unsecured Claims and Term Loan Avoidance Action Claims.

(3)	Total Claim Amount represents the sum of Allowed General Unsecured Claims and Maximum Amount of Unresolved Claims.