Comdisco to make $0.15 per right contingent rights payment on Sept. 17

By Caroline Salls

Pittsburgh, Aug. 27 - Comdisco Holding Co., Inc. will make a cash payment of $0.15 per right on its contingent distribution rights payable on Sept. 17 to contingent distribution rightsholders of record on Sept. 7, according to a company news release.

The company said it has 152.3 million contingent distribution rights outstanding.

This distribution relates to the Aug. 15 supplemental distribution of excess funds from the disputed claims reserve to general unsecured creditors.

Comdisco Inc.'s plan of reorganization entitles holders of Comdisco Holding's contingent distribution rights to share at increasing percentages in proceeds from Comdisco Holding's assets after the minimum percentage recovery threshold was met in May 2003.

Comdisco emerged from Chapter 11 on Aug. 12, 2002. Comdisco Holding is a Rosemont, Ill., company formed to sell the assets of its predecessor Comdisco, Inc. and distribute the proceeds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.