Comdisco reports $18.36 million of net liquidation assets for quarter

By Caroline Salls

Pittsburgh, Feb. 10 – Comdisco Holding Co., Inc. had $35.36 million in total assets and $17 million in total debt for the quarter ended Dec. 31, resulting in net assets in liquidation of $18.36 million, according to a news release.

Comdisco said the net assets in liquidation as of the quarter ended Dec. 31 would result in a projected future liquidating distribution of $4.56 per common share, based on 4.03 million shares of common stock outstanding on Dec. 31.

During the period of Sept. 30 through Dec. 31, the company’s estimated net assets in liquidation increased by $319,000, primarily a result of $369,000 in reduced accrued estimated disposal costs of liquidation and an increase of $121,000 from a receivable from securities sold.

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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