Start What is a liquidating distribution

What is a liquidating distribution

It may take several years for such assets to be converted into cash.

The Company also announced that it has determined to seek from the Delaware Chancery Court an extension of the period during which the Company may wind up its affairs under Delaware General Corporation Law, which currently expires on July 28, 2017, through December 31, 2018.

The Company believes such time period will provide sufficient time to complete the wind up of the Company’s affairs, which includes the monetization of the Company’s remaining interests in FATV.

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.