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/PRNewswire/ -- WMI Liquidating Trust, formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the "Plan") of Washington Mutual, Inc.
("WMI"), today provided additional information regarding certain Escrow CUSIPs issued to eligible former shareholders of WMI.
For tax reporting purposes, holders of beneficial interests in the Liquidating Trust were deemed to have received a liquidating distribution of $2.67 per share upon the conversion of Crossroads Capital, Inc., into the Liquidating Trust on June 23, 2017.
The liquidating distribution value, which represents the Board’s estimate of the amount per beneficial interest to be distributed in total over the lifetime of the Liquidating Trust, was determined based on the net asset value of Crossroads Capital as of March 31, 2017 adjusted for expenses and events materially affecting the fair market value of the portfolio investments, if any.
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Companies take various forms such as: A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared "birth certificate" or published policy.
Because companies are legal persons, they also may associate and register themselves as companies – often known as a corporate group.
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In a company limited by guarantee, this will be the guarantors.
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