To liquidating

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Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. (OTC Pink: GLCH) (the “Company”) announced today that the Board of Directors has determined to make a fourth liquidating distribution to Company stockholders in the amount of

Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. (OTC Pink: GLCH) (the “Company”) announced today that the Board of Directors has determined to make a fourth liquidating distribution to Company stockholders in the amount of $1.82 per share of the Company's common stock (approximately $11.3 million in the aggregate).

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Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund.

(OTC Pink: GLCH) (the “Company”) announced today that the Board of Directors has determined to make a fourth liquidating distribution to Company stockholders in the amount of $1.82 per share of the Company's common stock (approximately $11.3 million in the aggregate).

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Also, they are not required to recognize their share of any unrecaptured Section 1250 gain on assets held by the partnership, which shifts instead to the remaining partners.

Redeeming partners also have an advantage in the treatment of installment sale type transactions.

Redemption transactions often provide more flexibility than a sale in terms of tax consequences to the departing partner.

.82 per share of the Company's common stock (approximately .3 million in the aggregate).

He has extensive experience in public and private REITs, timber and infrastructure funds, solar and wind projects, energy and pipelines, reorganization of domestic and foreign corporations and partnerships, private equity funds, controlled foreign corporations and PFICs, and bankruptcy and insolvency. Jewett's practice focuses on federal income taxation.Total liquidating distributions, including this fourth distribution, since the filing of the Company’s Certificate of Dissolution in July 2014 amount to .37 per share of the Company’s common stock (approximately .1 million in the aggregate).The Company intends to continue to monitor its assets and liabilities and to make further liquidating distributions when advisable and consistent with its legal obligations.Given the ongoing nature of this process, the Company has made no determinations with respect to any schedule for future liquidating distributions.The amounts distributed to stockholders may be affected by many factors, including the resolution of outstanding known claims and obligations of the Company, the incurrence of unexpected or greater-than-expected losses with respect to contingent liabilities, the assertion of claims that are currently unknown to the Company, the Company’s realizations on selling or otherwise monetizing the Company’s FATV interests and its other non-cash assets, the need to dissolve and wind up each of the Company’s subsidiaries, and costs incurred to wind up our business.

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