The liquidation process is now underway with a clear capital return schedule. Monitor for updates on remaining asset sales and any adjustments to the estimated range, as well as the timing of subsequent distributions.
Price Chart
Executive Summary
Stockholders approved the voluntary Plan of Liquidation at a special meeting on September 29, 2026, with ~68% of outstanding shares voting in favor. The Board declared an initial liquidating distribution of $3.20 per share, payable October 29, 2026, and estimates total aggregate distributions of $24.44 to $30.03 per share.
Key Facts
- Plan of Liquidation approved with 5,085,293 votes for, 6,503 against, 22,260 abstentions
- Initial liquidating distribution of $3.20 per share declared, record date October 14, 2026, payment date October 29, 2026
- Estimated aggregate liquidating distributions of $24.44 to $30.03 per share, inclusive of the initial distribution
- Remaining liquidating distributions estimated at $20.95 to $28.68 per share
- Stockholders representing approximately 68.0% of outstanding shares voted in favor
Financial Impact
Initial distribution of $3.20 per share; total estimated return of $24.44 to $30.03 per share to stockholders
Risk Factors
- Estimated total distributions are subject to numerous assumptions and uncertainties, including asset sale proceeds, market conditions, and contingent liabilities
- Actual results may differ materially and be adversely affected by such factors as market and economic conditions
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001174947-26-000906 |
| Exhibit: ex99-1.htm | 0001174947-26-000906 |
| Document: 0001174947-26-000906-index-headers.html | 0001174947-26-000906 |
| Document: 0001174947-26-000906-index.html | 0001174947-26-000906 |
| Document: 0001174947-26-000906.txt | 0001174947-26-000906 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 27d ago | 8-K | $18.42 $18.64 | ▲ +1.16% | ▲ +0.98% | $18.90 (+2.59%) |
Jul 16, 2026 14w ago | 8-K | $21.15 $21.15 | · 0.00% | ▲ +0.99% | $18.90 (−10.64%) |
Jun 12, 2026 19w ago | 8-K | $21.75 $21.51 | ▼ −1.10% | ▼ −2.87% | $18.90 (−13.10%) |
May 27, 2026 21w ago | 8-K | $21.90 $22.00 | ▲ +0.46% | ▲ +0.22% | $18.90 (−13.70%) |
May 14, 2026 23w ago | DEFA14A | $22.15 $21.90 | ▼ −1.12% | ▼ −1.06% | $18.90 (−14.67%) |
May 14, 2026 23w ago | 8-K | $15.25 $22.25 | ▲ +45.90% | ▲ +47.13% | $18.90 (+23.93%) |
Apr 10, 2026 28w ago | 8-K | $14.00 $14.50 | ▲ +3.57% | ▲ +2.60% | $18.90 (+35.00%) |
US Market Status
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