Exit Facility Paid in Full
Effective January 17, 2019, the Trust fully paid all obligations remaining under its $55 million Exit Loan Facility with Vida Capital, Inc. As a result, all of Vida Capital Inc.’s liens against Trust assets were released.
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Line of Credit Secured
Effective January 30, 2019, the Trust executed a new $15 million line of credit, secured by Trust assets, with Veritex Community Bank to be used in the future should a need ever arise.
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8-K Filed
An 8-K was filed by the Trust with the Securities & Exchange Commission on February 4, 2019 and is accessible now on the Investor Relations page.
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Action Items – What we need from you?
Please fill out a beneficiary designation form. This form allows you to determine who will receive your interest after your death. They also simplify the transfer of your interest as the interest passes on to your beneficiary outside of probate. You can find the beneficiary designation form on the Forms page of the website, along with a set of FAQs explaining them in more detail.
This website is dedicated to disseminating information to the recipients of the securities issued by the Position Holders Trust or the IRA Partnership, pursuant to the Plan. If you elected to rescind your investment or are otherwise participating in the Creditors Trust, please click here to be redirected to the Creditors Trust’s website.