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Published on 2/13/2004 in the Prospect News Distressed Debt Daily.

Comdisco to pay $2.8 million to rights holders

New York, Feb. 13 - Comdisco Holding Co. Inc. said it will pay $2.8 million to holders of its contingent distribution rights at the rate of $0.0187 per right.

The Rosemont, Ill., company will make the payment on March 4.

Comdisco said the distribution is primarily "an incremental payment" for the amended present value of distributions to general unsecured creditors of the bankruptcy estate of Comdisco Inc.

Comdisco also said the $482,000 of dispute claims has been allowed.

Recovery remains at about 95%, Comdisco added.


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