Liquidating Distributions

3 Months Ended

Jun. 30, 2019

4. Liquidating Distributions

Liquidating distributions in the three months ended June 30, 2019 consisted of the following:


(in thousands)	Fair Value
Distributions during the three months ended June 30, 2019	$	—
Less: Liquidating distributions payable as of March 31, 2019		(1,785	)
Add: Liquidating distributions payable as of June 30, 2019		1,785

Total	$	—

The GUC Trust was obligated as of June 30, 2019 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.

As described in “Net Assets in Liquidation—Distributable Assets” in Item 2 (“Management’s Discussion and Analysis of Financial Condition and Results of Operations”) below, the GUC Trust’s set aside for potential distribution with respect to Term Loan Avoidance Action Claims and Disputed General Unsecured Claims was reduced by an aggregate of $

1,313.8

million subsequent to June 30, 2019. As a result, the GUC Trust expects to record distributions payable in respect of GUC Trust Units aggregating $

320.9

million in the three months ending September 30, 2019. See Part II, Item 1 (“Legal Proceedings”) for a description of proceedings with respect to payment of such distribution.