The Investor Portal has been updated

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The Investor Portal has been updated so that Continuing Fractional Holders can now obtain current information regarding transactions in their escrow accounts, such as the deposit of premium contributions and payments of premiums to insurers. The new report (found under Purchaser Reports – After March 1, 2018) shows transactions after March 1, 2018. Details of earlier transactions can be found …

Immediate Action Required

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The PHT has been unable to contact the following investors or their representatives: Click Here If your name is on this list, you must update your contact information immediately. You will not be entitled to receive distributions until you provide the PHT with a current address. Under the Plan, you will forfeit your right to receive a distribution if you …

TOD Beneficiary Designations

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We’ve received a number of inquiries from investors in IRAs regarding the beneficiary designations. The PHT’s TOD Beneficiary designations will not work for IRAs. An investor who holds his or her LPI investments in an IRA cannot use our beneficiary form. The IRA custodians have forms that investors can use to designate beneficiaries. If an investor through an IRA wants …

Clarifying “Book Value”

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We’ve had a few investors ask us to clarify what is meant by the PHT’s “book value” and how that relates to their likely recovery from the PHT. To clarify, as we pointed out in the December 2017 investor newsletter, a company’s book value is simply the total value of its assets minus its outstanding liabilities at a particular point …

Contrarian Offer

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The Trustee has learned that holders of PHT units have received an offer from Contrarian Capital Management to purchase the holders’ PHT units. Transfers of PHT units are subject to the transfer restrictions set forth in the Position Holder Trust Agreement. Also, transfers of PHT units will only become effective as of the next June 30 or December 31 to …

Tax documents for the PHT and IRA Partnership

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We are in the process of mailing out the tax documents for the PHT and IRA Partnership. We started mailing the grantor trust letters on March 15 and should have the rest of them out during the week of March 19. We expect to complete the mailing of the K-1s for the IRA Partnership by March 23. Please note that …