Sentences with phrase «liquidation proceeds»

The Funds» distributions and liquidation proceeds are not predictable at the time of investment and the Funds do not seek to return any predetermined amount.

If OXGN was such a great investment VXGN shareholders could certainly make an investment with their liquidation proceeds.

So in order for the shareholders to see a single cent of any liquidation proceeds, the bondholders will have to be paid in full.

However, it must be remembered that no official estimate of liquidation proceeds had been made at that time.

Since then, estimates for liquidation proceeds have been included in each quarterly report but have not varied significantly.

There was only a statement that the liquidation proceeds for common shareholders would not be less than the lower end of NAV estimated as of the end of the first quarter, $ 13.79 per share.

As part of this analysis management prepared estimates of likely liquidation proceeds which were presented to the Board along with the suggested liquidation strategy.

The Proxy statement requesting shareholder approval for the liquidation, first issued in mid-May, continued to use the first quarter NAV estimates of liquidation proceeds, $ 13.79 to $ 15.79 per share.

The discount to management's conservative estimate of liquidation proceeds was between 15 % and 20 % during that period.

Making the situation even less appealing, any upside, in the case of liquidation proceeds exceeding the company's initial estimate (not uncommon) is limited by the ownership structure because of reverse leverage.

On April 29, 2014 the company issued a press release stating that the Board had approved a plan of liquidation, but did not provide any estimate of liquidation proceeds.

The ETFs stopped trading on the open market last Friday, and anyone who didn't sell their shares on the open market should receive liquidation proceeds in the near future.

Liquidation proceeds, if any, will be allocated.

In addition, the amount of the fund's income distributions will vary over time and the breakdown of returns between fund distributions and liquidation proceeds will not be predictable at the time of your investment, resulting in a gain or loss for tax purposes.

This insurance is provided to pay amounts in addition to those returned in a SIPC liquidation proceeding.

Although Chapter 7 is a «liquidation proceeding,» you will be allowed to keep certain property, as long as the fair market value of each item does not exceed certain amounts.

Finding that, the Court went on to conclude that the provincial deemed trust under the PBA applies in CCAA proceedings, subject to the doctrine of federal paramountcy, because of the Amended Initial Order, and noting that that means that when there is a CCAA liquidation proceeding, the PPSA may determine the priorities rather than the federal scheme under the BIA (Indalex, para 52), since analogous priorities are not set out in the CCAA.

The Court itself noted that when there is a CCAA liquidation proceeding, the PPSA may determine the priorities, rather than the federal scheme under the BIA (Indalex, para 52).

Not exact matches

Typically, a liquidation preference is designed to protect an investor's monetary investment in a situation where, for whatever reason, the proceeds of a liquidation to be distributed to all investors are less than the amount of the investors» original investment.

Another theme that we argued earlier this year would eventually play out — inventory liquidation — also appears to be proceeding apace.

Last week, a federal judge signed off on Radio Shack's Chapter 11 plan, which distributes proceeds from the company's liquidation to creditors.

There are several instances where conversion into common could be advantageous to a preferred shareholder including an acquisition of the company at a value well exceeding the liquidation preferences, where common shareholders receive a greater amount of the acquisition proceeds.

Upon a «liquidity event» (a liquidation, return of capital, refinancing, sale or listing), the articles of the company provide for the exit proceeds to be distributed amongst the shareholders as follows:

But in documents filed with the U.S. Bankruptcy Court, Tops is seeking permission to proceed with the store closings and hire a liquidation company to help it with the closings.

A liquidation settles this debate, distributing to owners of pieces of paper the actual cash proceeds resulting from the sale of corporate assets to the highest bidder.

Contributions of certain real estate, private equity, or other illiquid assets are accepted via a charitable intermediary, with proceeds transferred to a donor - advised account upon liquidation.

As a Defined Maturity fund approaches its liquidation date, the fund's securities will mature and the fund may reinvest the proceeds in money market securities with lower yields than the securities previously held by the fund.

Schwab Charitable accepts contributions of certain real estate, private equity or other illiquid assets via a charitable intermediary, with proceeds of your donation transferred to your donor - advised account upon liquidation.

To a buyer or other successor in the event of a merger, divestiture, restructuring, reorganization, dissolution or other sale or transfer of some or all of Hormel Foods» assets, whether as a going concern or as part of bankruptcy, liquidation or similar proceeding, in which personal information held by Hormel Foods about our Website users is among the assets transferred.

One way to do that would be to tax dividends received by shareholders (the beneficial owners of a corporation) as income and to tax liquidation or redemption of stock proceeds as de facto sales of the stock equivalent to a third party sale of stock by the shareholder.

As a defined maturity fund approaches its liquidation date, the fund's securities will mature and the fund may reinvest the proceeds in money market securities with lower yields than the securities previously held by the fund.

We are frankly surprised that the Board has not previously addressed our concerns by affirmatively and unequivocally agreeing to proceed only with a transaction that provides for stockholders to receive no less than the Company's approximate liquidation value.

· Next, the nominees will immediately announce that Avigen will only consider and proceed with strategic transactions that guarantee a quantified worst - case outcome of approximately Avigen's liquidation value;

In the 13D filing the individual states his intent which is «As Aspen currently has no active business operations and a significant amount of liquid assets, (individual name) believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all the proceeds from the Sale and Aspen's additional liquid assets to Aspen's shareholders.

Proceeds of the liquidation are scheduled to be distributed to shareholders on or about March 30, 2016.

Chapter 7 Bankruptcy is considered a liquidation bankruptcy and generally liquidates a debtor's nonexempt assets, using the proceeds from the sale to repay the debtor's creditors.

The seniority of preferreds applies to both the distribution of corporate earnings (as dividends) and the liquidation of proceeds in case of bankruptcy.

Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about Wednesday, May 27, 2015.

Management seems to have shot themselves in the foot with all these gyrations (yes, pun intended); the plan was to remerge the two «companies» into an LLC before proceeding to liquidation by YE 2016.

A liquidation settles this debate, distributing to owners of pieces of paper the actual cash proceeds resulting from the sale of corporate assets to the highest bidder.

An orderly liquidation over time is virtually certain to realize greater proceeds than a «fire sale,» but time is not always available to a company in liquidation.

The two securities to look at are CDCO.OB (the new common stock of Comdisco that was issued to the old bondholders) and CDCOR.OB (The old equity interest in Comdisco which share in proceeds of the liquidation of Comdisco after a certain $ $ amount has been paid to the holders of CDCO.....

Upon the sale, liquidation, or re-privatization of the institution, the bondholders would receive the portion of the proceeds that are not required as regulatory capital.

This Board has repeatedly refused to commit to proceeding only with a transaction that offers quantifiable downside protection, in cash, of approximately the Company's liquidation value.

We've been following ASPN (see our ASPN post archive) because it's trading at a discount to its $ 1.17 per share liquidation value and there are several potential catalysts in the stock, including a 13D filing from Tymothi O. Tombar, a plan to distribute substantially all of the net, after - tax proceeds from the completion of the Venoco sale to its stockholders ($ 5.3 M), and the possibility that the company will dissolve.

As Aspen currently has no active business operations and a significant amount of liquid assets, Mr. Tombar believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all of the proceeds from the Sale and Aspen's additional liquid assets to Aspen's stockholders.

The Merger Agreement contains certain termination rights for both VaxGen and OXiGENE, and further provides that, upon termination of the Merger Agreement under specified circumstances, including by VaxGen to pursue a superior transaction, as defined in the Merger Agreement (including a liquidation), or by OXiGENE to pursue a financing transaction with net proceeds of least $ 30 million, either party may be required to pay the other party a termination fee of $ 1,425,000 and to reimburse the other party's expenses up to $ 325,000.

Warren or other activists could thus acquire the business, pay off the creditors and profit from the proceeds of the liquidation.

Liquidation involves the appointment of a trustee who collects the non-exempt property of the debtor, sells it and distributes the proceeds to the creditors.

The Plan Members estimated a forced liquidation would produce greater proceeds than SAPA's bid;