Net Assets in Liquidation (Tables)

12 Months Ended

Mar. 31, 2020

Schedule of Cash and Cash Equivalent and Marketable Securities

As of March 31, 2020 and 2019, cash and cash equivalents and marketable securities aggregated $435.6 million and $505.1 million, respectively, and are comprised of the following:


(in thousands)	2020		2019
Distributable Cash (including associated Dividend Cash)	$	393,431	$	472,070
Other Administrative Cash		40,767		31,445
Administrative Fund		1,161		1,246
Residual Wind-Down Assets		178		175
Funds for Indenture Trustee / Fiscal Paying Agent Costs		90		117

Total		435,627	$	505,053

Schedule of GUC Trust Units

The following table presents the changes during the years ended March 31, 2020, 2019 and 2018 in the numbers of GUC Trust Units outstanding or which the GUC Trust was obligated to issue:


	Year Ended March 31, 2020		Year Ended March 31, 2019		Year Ended March 31, 2018
Outstanding or issuable as of beginning of year		31,855,504		31,855,504		31,854,103
Issued during the year		230,997		—		1,448
Less: Issuable as of beginning of year		—		—		(47	)
Add: Issuable as of end of year		—		—		—

Outstanding as of end of year (1) (2)		32,086,501		31,855,504		31,855,504

(1)

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.

(2)	The number of GUC Trust Units outstanding as of end of year does not equal the amount of Allowed General Unsecured Claims on a 1 to 1,000 basis as of 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 years ended March 31, 2020 and 2019:


(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		—		—			—			—			—
Disputed General Unsecured Claims resolved or disallowed		—		—			—			—			—
Term Loan Avoidance Action Claims resolved or disallowed		—		—			(143	)		(143	)		(143	)

Total, March 31, 2019		31,855,432		50,000			1,494,843			1,544,843			33,400,275
New Allowed General Unsecured Claims		231,000		—			—			—			231,000
Disputed General Unsecured Claims resolved or disallowed		—		(50,000	)		—			(50,000	)		(50,000	)
Term Loan Avoidance Action Claims resolved or disallowed		—		—			(1,494,843	)		(1,494,843	)		(1,494,843	)

Total, March 31, 2020	$	32,086,432	$	—		$	—		$	—		$	32,086,432

(1)

Remaining Disputed General Unsecured Claims as of March 31, 2019 and 2018 represented a general claim contingency for any future disputed claims or other obligations of the GUC Trust. During the year ended March 31, 2020, the GUC Trust released such general claim contingency because it was deemed no longer necessary.

(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.