ResCap Liquidating Trust Announces Select Financial Information for Q2 2018

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Jul 03, 2018, 10:25 ET

MINNEAPOLIS, July 3, 2018 /PRNewswire/ -- The ResCap Liquidating Trust (the "Trust") announced select financial information for the quarter ended June 30, 2018, primarily associated with settlement agreements reached during the quarter related to the adversary proceedings with correspondent lenders of Residential Funding, LLC. During the quarter the trust collected approximately $326 million (before costs), including$ 315 million from settlement agreements reached with correspondent lenders and $11 million from mortgage asset and other miscellaneous receipts. The Trust ended the quarter with a cash and cash equivalent balance (excluding restricted cash), of $170 million, net of the previously announced ninth distribution to unitholders of $350 million, or $3.5403 per unit. The Trust's Condensed Consolidated Financial Statements for the quarter ended June 30, 2018, which will contain complete financial information for the quarter, will be available on the Trust's website on or before August 10, 2018.

Unitholders should refer to the Trust's Consolidated Financial Statements for the quarter ended June 30, 2018 when they become available on the Trust's website at Rescapliquidatingtrust.com.

The Trust is not undertaking to announce select financial results for any future period.

SOURCE ResCap Liquidating Trust