PHT’s October Newsletter Released
You should have received a copy of the Newsletter by e-mail.
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Notice from the Creditors’ Trust
The Creditors’ Trust recently served the attached notice on a number of the investors. The notice relates to claims against the Creditors’ Trust based on Former Positions.
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Discount required by Section 5.05(c) of
the Plan
The Plan requires that the Continuing Fractional Holders (CFHs) pay premium calls within 60 days of the day the PHT sends an invoice. The failure of a CFH to timely pay a premium call on a position results in a premium default on that position.
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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.