Related Party Transactions

12 Months Ended

Mar. 31, 2020

9. Related Party Transactions

In addition to serving as GUC Trust Administrator, Wilmington Trust Company continues to serve as trustee pursuant to the indentures for certain series of previously outstanding debt of MLC. Wilmington Trust Company has received and may in the future receive certain customary fees in amounts consistent with Wilmington Trust Company’s standard rates for such service. The Bankruptcy Court previously approved the creation of a segregated fund for the purposes of funding such fees for Wilmington Trust Company, as well as the other indenture trustees and fiscal and paying agents for previously outstanding debt of MLC. There were no such fees for Wilmington Trust Company in the years ended March 31, 2020, 2019 and 2018.

In addition, Wilmington Trust Company has also entered into certain arrangements with the GUC Trust pursuant to which it or its affiliates have previously received, and may in the future receive, reasonable and customary fees and commissions for services other than services in the capacity of GUC Trust Administrator. Such arrangements include the provision of custodial, investment advisory and brokerage services to the GUC Trust. During each of the years ended March 31, 2020, 2019 and 2018, the total amount of such fees and commissions was approximately $0.2 million, $0.3 million and $0.3 million, respectively.

In addition to serving as GUC Trust Monitor, during the year ended March 31, 2019, FTI Consulting, Inc. provided professional services associated with review of certain expert reports in connection with litigation involving certain General Motors vehicle recalls. Fees and expenses for such services aggregated approximately $0.2 million.