4. Liquidating Distributions

Liquidating distributions in the three months ended December 31, 2018 consisted of the following:


(in thousands)	Fair Value
Distributions during the three months ended December 31, 2018	$	21
Less: Liquidating distributions payable as of September 30, 2018		(1,813	)
Add: Liquidating distributions payable as of December 31, 2018		1,792

Total	$	—

Liquidating distributions in the nine months ended December 31, 2018 consisted of the following:


(in thousands)	Fair Value
Distributions during the nine months ended December 31, 2018	$	33
Less: Liquidating distributions payable at March 31, 2018		(1,825	)
Add: Liquidating distributions payable at December 31, 2018		1,792

Total	$	—

The distributions during the three and nine months ended December 31, 2018 consisted of 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 fulfilled such information requirements.

The GUC Trust was obligated as of December 31, 2018 to distribute Distributable Cash of $1.8 million to 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.

The obligation to distribute Distributable Cash to holders of GUC Trust Units for excess distributions payable at December 31, 2017 declined from such balances at the beginning of the three and nine months ended December 31, 2017, resulting in a net reversal of liquidating distributions of approximately $6.5 million in each such period.