Adelphia Recovery Trust Announces Distribution To Beneficiaries And
Establishes A Record Date
WILMINGTON, Del., Dec. 3, 2012
WILMINGTON, Del., Dec. 3, 2012 /PRNewswire/ --The Adelphia Recovery Trust
(the "Trust") announced today that its Trustees have declared a distribution
of $30 million in cash payable on or about December 18, 2012 to holders of
interests in the Trust pursuant to the First Modified Fifth Amended Joint
Chapter 11 Plan of Reorganization of Adelphia Communications Corporation and
Certain Affiliated Debtors, dated as of January 3, 2007, as Confirmed (the
"Plan"). The Trust has established a Record Date for purposes of this
distribution of December 10, 2012.
A chart summarizing the distribution of cash to be made to each series of
interests in the Trust is available in the "Important Documents Adelphia
Recovery Trust" section of Adelphia's website at
www.adelphiarestructuring.com. Upon distribution, a letter with additional
information concerning the distribution will be delivered to holders and will
be made available in the "Important Documents Adelphia Recovery Trust" section
of Adelphia's website at www.adelphiarestructuring.com.
Interest holder inquiries regarding Trust distributions under the Plan should
be directed to firstname.lastname@example.org.
About Adelphia Recovery Trust
The Adelphia Recovery Trust is a Delaware Statutory Trust formed pursuant to
the First Modified Fifth Amended Joint Chapter 11 Plan of Reorganization of
Adelphia Communications Corporation and Certain Affiliated Debtors, which
became effective February 13, 2007.The Trust holds certain litigation claims
transferred pursuant to the Plan against various third parties and exists to
prosecute the causes of action transferred to it for the benefit of holders of
This press release contains forward-looking statements. All statements (other
than statements of historical fact) contained in this release, including
statements that address future plans, goals, expectations, activities, events
or developments are forward-looking statements. The Trust has tried, where
possible, to use words such as "anticipate," "if," "believe," "plan,"
"estimate," "expect," "intend," "forecast," "initiative," "objective," "goal,"
"project," "outlook," "priorities," "target," "evaluate," "pursue," "seek,"
"potential," "continue," "designed," "impact," "may," "would," "could,"
"should," "will" and other similar expressions to identify forward-looking
statements. Forward-looking statements are based on current expectations and
are subject to substantial risks, uncertainties and other factors, many of
which are beyond our control. The Trust cannot guarantee that any
forward-looking statement will be realized, as actual results may differ
materially from those identified or implied in any forward-looking statement.
Among the factors that may cause actual results to differ materially are the
following: changes in or interpretations of laws, regulations and policies;
and the tax effects of various aspects of the Plan and the Trust. All
forward-looking statements speak only as of the date they were made. The
Trust does not undertake a duty to publicly update or revise such
forward-looking statements or other information contained herein, whether as a
result of new information, subsequent events, circumstances, changes in
expectations or otherwise.
SOURCE Adelphia Recovery Trust
Contact: Mary Palmquist, +1-303-268-6388
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