Adelphia trust to make $30 million distribution to interest holders

By Caroline Salls

Pittsburgh, Dec. 3 - The Adelphia Recovery Trust said its trustees have declared a distribution of $30 million in cash payable on Dec. 18 to holders of trust interests under Adelphia Communications Corp.'s first modified fifth amended joint Chapter 11 plan of reorganization.

According to a company news release, Dec. 10 has been established as the record date for the distribution.

Adelphia, a Greenwood Village, Colo.-based cable operator, emerged from bankruptcy on Feb. 13, 2007. Its Chapter 11 case number is 02-41729.

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