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KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.In no event shall KCC be liable to you or any third party for any direct, indirect, incidental, consequential or special damages (including, but not limited to, damages arising from the disallowance of a potential claim against a client of KCC or damages to business reputation, lost business or lost profits), whether foreseeable or unforeseeable and however caused, even if KCC is advised of the possibility of such damages.UPDATED LIQUIDATING TRUST INTEREST STATEMENTS FOR MEMBERS OF EACH OF CLASSES 2 (“SENIOR FLOATING RATE NOTES”), 12 (“GENERAL UNSECURED CLAIMS”), AND 16 (“PIERS CLAIMS”) WILL BE MAILED BEGINNING MAY 8, 2018. To view a copy of the Plan, together with the corresponding press release and Form 8-K that was filed by WMI with the Securities and Exchange Commission ("SEC") on the Confirmation Date, please click here to access the Plan.On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust") as further described in the Plan.To view a copy of the Form 8-K that was filed by WMI (which changed its name to WMI Holdings Corp.on the Effective Date) with the SEC on the Effective Date, please click here.A liquidating trust may also be an effective method for a fund manager to wind down a fund without having a significant role in the liquidation.At the end of the fund's life cycle or term, the fund manager may have certain assets that are not easily liquidated and convertible into cash for distribution to the owners of the fund.
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It may take several years for such assets to be converted into cash.
Such assets may consist of securities that are illiquid or have certain restrictions or monies held in escrow where it will take several years for the conditions to be met for release of such funds.
This site, and each of the sites referenced above, will be updated from time to time by KCC.
Holders of beneficial interests in the WMI Liquidating Trust are encouraged to review the information that is contained on this site thoroughly and on a regular basis.
Such agreement provides for trustee duties, compensation of trustees, and governance as well as distributions and other administrative matters.