Motors Liquidation trust to make special excess distribution Dec. 20

By Caroline Salls

Pittsburgh, Dec. 4 - The Motors Liquidation Co. GUC Trust expects to make a special excess distribution on Dec. 20 to the holders of record of GUC trust units as of Dec. 16, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company said the special excess distribution is required under the settlement of claims filed by or on behalf of holders of notes issued by General Motors Nova Scotia Finance Co. and guaranteed by Motors Liquidation Co. The settlement took effect on Nov. 25.

The special excess distribution will include 0.211506 shares of General Motors Corp. common stock, 0.192278 warrants to purchase new GM common stock with an exercise price set at $10.00 per share and 0.192278 warrants to purchase new GM common stock with an exercise price set at $18.33 per share.

Motors Liquidation was formerly General Motors, a Detroit-based automaker that filed for bankruptcy on June 1, 2009. The new General Motors Corp. emerged from Chapter 11 on July 10, 2009. Motors Liquidation's Chapter 11 case number is 09-50026.

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