Las Vegas Monorail first-tier bond trustee to distribute $1.21 million

By Caroline Salls

Pittsburgh, Feb. 23 – Las Vegas Monorail’s first-tier series 2000 revenue bond trustee will make a $1.21 million partial distribution on Feb. 26 to holders of bonds due Jan. 1, according to a notice released Tuesday by trustee Wells Fargo Bank, NA.

The trustee said the distribution will be funded from cash to be paid to the trustee by a segregated account established by bond insurer Ambac Assurance Corp.

The record date for the distribution will be Feb. 25.

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