ResCap Liquidating Trust Announces Distribution to Unitholders
MINNEAPOLIS, May 15, 2014 /PRNewswire/ -- The ResCap Liquidating Trust (the "Trust") today announced that its Board of Trustees has declared a cash distribution of $1.15 per unit to holders of units of beneficial interest in the Trust, totaling approximately $115 million. The distribution will be paid on June 9, 2014 to unitholders of record as of the close of business on May 23, 2014.
About the ResCap Liquidating Trust
The ResCap Liquidating Trust was established under the Second Amended Joint Chapter 11 Plan of Residential Capital, LLC et al. for the purpose of liquidating and distributing the assets of the debtors in the ResCap bankruptcy case.
SOURCE ResCap Liquidating Trust
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