Comdisco sees $18.32 million in first-quarter net liquidation assets

By Caroline Salls

Pittsburgh, May 14 – Comdisco Holding Co., Inc. had $37.78 million in total assets and $19.46 million of total debt as of March 31, resulting in $18.32 million in net assets in liquidation for the first quarter, according to a Thursday news release.

Comdisco said the net assets in liquidation as of the quarter ended March 31 would result in liquidating distributions of $4.55 per common share, based on 4.03 million shares of common stock outstanding on March 31.

During the period of Jan. 1 through March 31, the company’s estimated net assets in liquidation decreased by $9.64 million, according to the release, as a result of a dividend payment of $9.45 million paid on March 12 and various changes in the estimated liquidation value of other assets.

Comdisco emerged from Chapter 11 bankruptcy 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.

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