Notice Regarding Disposition of LBI Estate Securities

            Notice Regarding Disposition of LBI Estate Securities

PR Newswire

NEW YORK, Oct. 28, 2013

NEW YORK, Oct. 28, 2013 /PRNewswire/ -- James W. Giddens, Trustee for the
liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor
Protection Act, in keeping with his statutory duty and ongoing focus of
maximizing the value of the LBI general estate, along with his counsel at
Hughes Hubbard & Reed LLP, continues to implement a strategy to liquidate
securities and raise cash for distributions to customers and general
creditors.

The Trustee retained BlackRock Financial Management, Inc. earlier this year to
sell certain securities in the general estate, along with securities in the
fund of customer property that are not being distributed in-kind to customers.
That process is now complete. 

The Trustee is now focused on the disposition of the remaining securities.
With the advice and consent of the Securities Investor Protection Corporation
and in consultation with advisors to major creditor constituencies, the
Trustee has retained Miller Buckfire & Co., LLC. and Stifel Fixed Income to
help sell all remaining securities.

The tiered marketing process will be competitive, transparent, and designed to
maximize value for the LBI estate.

  oMiller Buckfire/Stifel will conduct several rounds of weekly auctions.
    During this phase, a list of individual securities will be made publicly
    available each Monday, and bidders will have the opportunity to place bids
    through the following Tuesday, with winners informed on Wednesday.
  oMiller Buckfire/Stifel will package any remaining securities into
    groupings for additional bids, the details of which will be provided in
    the future.
  oSecurities will have reserve prices set at the discretion of the Trustee
    and Miller Buckfire/ Stifel. 

Securities to be sold during weekly auctions, listed in Exhibit A, may be
adjusted from time to time. Sales inquiries can be made to:

Al Lhota
Senior Managing Director
alan@stifel.com
T: +1 203 717 6524

Matthew Stewart
Vice President
stewartma@stifel.com
T: +1 203 717 6483

Media Contact for the Trustee
Jake Sargent
jsargent@apcoworldwide.com
202-569-5086

THE SECURITIES SOLD IN ANY AUCTION HAVE NOT BEEN AND WILL NOT BE REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ACT), AND MAY NOT BE OFFERED
OR SOLD IN THE UNITED STATES OR TO, OR FOR THE BENEFIT OF, U.S. PERSONS ABSENT
REGISTRATION UNDER, OR AN APPLICABLE EXEMPTION FROM, THE REGISTRATION
REQUIREMENTS OF THE ACT AND APPLICABLE STATE SECURITIES LAW. THIS PRESS
RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER
TO BUY THE AUCTION SECURITIES, AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION
OR SALE IN ANY JURISDICTION IN WHICH, OR TO ANY PERSONS TO WHOM, SUCH
OFFERING, SOLICITATION OR SALE WOULD BE UNLAWFUL.



Count Cusip/ISIN Security Description                          Quantity
1     006ESCAP2  ADELPHIA COMMUNICATIONS CORP, SR NOTE SER B   6,334,000
2     006ESCBD8  ADELPHIA COMMUNICATIONS CORP, SR NOTE, ESCRO  356,000
3     006ESCAU1  ADELPHIA COMMUNICATIONS CORP, SR NTS SER-B    1,000,000
4     006ESCBE6  ADELPHIA COMMUNICATIONS CP SENIOR NOTES, ES   3,268,200
5     006ESCBF3  ADELPHIA COMMUNICATIONS SENIOR NOTES, ESCRO   6,510,000
6     N/A        ADELPHIA COMMUNICATIONS SENIOR NOTES, ESCRO   4,439,000
7     00685R789  ADELPHIA RECOVERY TRUST SER ACC-6 E/F INT     11,166,214
8     01030PEY8  ALABAMA HSG FIN AUTH MULTI FAMILY HSG REV FO  6,427,626
9     026874BU0  AMERICAN INTL GROUP INC, 144A                 3,000,000
10    026874BR7  AMERICAN INTL GROUP INC, 144A                 1,000,000
11    06652BAF0  BANKUNITED FINL CORP, SR NT                   2,450,000
12    101990034  BOSTON PRIVATE BANCORP, INC, TENDER OFFER     20,000
13    131ESC9C1  CALPINE CORP, 144A, ESCROW CUSIP              183,791,000
14    131ESC9D9  CALPINE CORP, 144A, ESCROW CUSIP              134,000,000
15    131ESC9K3  CALPINE CORP, 144A, ESCROW CUSIP              77,921,000
16    131ESC9B3  CALPINE CORP, ESCROW 4 144A                   77,695,000
17    13758B102  CANGENE CORP, RESTRICTED                      111,360
18    N/A        CONCHO VLY TEX HSG FIN CORP, SGL FAM REV CUST 875,000
19    U29302AH6  ENRON CORP                                    2,000,000,000
20    2935618U3  ENRON CORP, ESCROW                            7,615,000
21    2935619Q1  ENRON CORP, ESCROW                            7,486,000
22    2935618S8  ENRON CORP, ESCROW                            6,089,999
23    2935619Z1  ENRON CORP, ESCROW                            3,000,000
24    2935619L2  ENRON CORP, ESCROW                            2,500,000
25    2935619D0  ENRON CORP, ESCROW                            475,000
26    2935619M0  ENRON CORP, ESCROW                            51,000
27    347402AA7  FORT HAMILTON HSG LLC MILITARY HSG REV SERIE  4,765,000
28    368288AE6  GE SEACO FINANCE SRL SERIES 2005-1A CLASS     2,491,590
29    N/A        GILAT SATELLITE NETWORKS LTD                  77,499
30    455209AA4  INDIANAPOLIS DOWNS L L C/IND DOWNS CAP COR    134,943
31    46115Z9Y5  INTERNATIONAL BANK RECON & DEV STRIP CPN      314,925
32    486MMI9C7  KAUPTHING BK HF MEDIUM TERM SR BK NTS 144     10,000,000
33    48632FAC5  KAUPTHING BK HF MEDIUM TERM SR BK NTS 144     5,000,000
34    N/A        KRUNG THAI BANK PUBLIC COMPANY LIMITED        192,900
35    U5250MES9  LBH "PAIRS 3 DISCOUNT CERT" REG S DISC CE     300,000
36    524ESCWH9  LEHMAN BROS HLDGS INC, ESCROW CUSIP           22,505,000
37    525ESCRB7  LEHMAN BROS HLDGS INC, ESCROW CUSIP           4,110,000
38    524ESCWZ9  LEHMAN BROS HLDGS INC, ESCROW CUSIP           3,300,000
39    524ESCV80  LEHMAN BROTHER HLD INC, ESCROW CUSIP          30,000
40    525ESCB16  LEHMAN BROTHERS HLDGS INC, ESCROW CUSIP CONV  8,698
41    525ESCAJ8  LEHMAN BROTHERS HOLDINGS INC, ESCROW CUSIP    2,000,000
42    525ESCAL3  LEHMAN BROTHERS HOLDINGS INC, ESCROW CUSIP    130,000
43    525ESC7S2  LEHMAN BROTHERS HOLDINGS INC, ESCROW CUSIP    50,000
44    524ESC9J1  LEHMAN BROTHRS-SUNS D04/29/03 ESCROW CUSIP    20,000
45    524ESC9A0  LEHMAN BRTH HLD (SGP), ESCROW CUSIP           20,000
46    525ESC646  LEHMAN BRTH HLD INC, ESCROW CUSIP             16,000
47    525ESCLN7  LEHMAN BRTHRS HLDGR ESCROW CUSIP              444,000
48    525ESC9O9  LEHMAN BRTHRS HLDGR ESCROW CUSIP              230,000
49    525ESC7P8  LEHMAN BRTHRS HLDGR ESCROW CUSIP              200,000
50    525ESC8O0  LEHMAN BRTHRS HLDGR ESCROW CUSIP              160,000
51    525ESC2S7  LEHMAN BRTHRS HLDGR ESCROW CUSIP              140,000
52    525ESC0D2  LEHMAN BRTHRS HLDGR ESCROW CUSIP              70,000
53    525ESC4D8  LEHMAN BRTHRS HLDGR ESCROW CUSIP              50,000
54    525ESCAV1  LEHMAN BRTHRS HLDGR ESCROW CUSIP              46,000
55    525ESC6E4  LEHMAN BRTHRS HLDGR ESCROW CUSIP              30,000
56    525ESC4T3  LEHMAN BRTHRS HLDGR ESCROW CUSIP              30,000
57    525ESC5N5  LEHMAN BRTHRS HLDGR ESCROW CUSIP              25,000
58    525ESCAU3  LEHMAN BRTHRS HLDGR ESCROW CUSIP              20,000
59    525ESC5A3  LEHMAN BRTHRS HLDGR ESCROW CUSIP              16,000
60    525ESC4V8  LEHMAN BRTHRS HLDGR ESCROW CUSIP              12,000
61    525ESC8V4  LEHMAN BRTHRS HLDGR ESCROW CUSIP              7,000
62    525ESCJL4  LEHMAN BRTHRS HLDGR ESCROW CUSIP              3,000
63    525ESCHW2  LEHMAN BRTHRS HLDGR ESCROW CUSIP              3,000
64    53225KAB9  LIGHTPOINT CLO VIII LTD, SERIES 2007-8IE CLAS 403,000
65    N/A        MERISANT CO ESCROW CUSIP                      32,808,000
66    6046759B6  MIRANT CORP, ESCROW                           6,640,000
67    6046759C4  MIRANT CORP, ESCROW                           3,411,000
68    60467Q995  MIRANT TR I 6.25% CONV PFD SER A ESCROW SH    16,984
69    613907BG8  MONTGOMERY CNTY TEX HSG FIN CORP, MULTI-FAMIL 3,830,000
70    55405T200  MYR GROUP INC, ACCREDITED INVESTOR            10,769
71    640ESC992  NELL AF SARL F ESCROW CUSIP 144A              4,600,000
72    N/A        NORTEX HSG FIN CORP, TEX SGLFAM REV CUST RCPT 2,406,250
73    658196RB8  NORTH CAROLINA EASTN MUN PWR AGY SYS RV REG   300,000
74    683078GG8  ONTARIO HYDRO                                 100,000
75    721467AF5  PILGRIMS PRIDE CORP, SR SUB NT                1,135,000
76    N/A        PIMA CNTY ARIZ INDL DEV AUTH S SINGLE FAM MT  100,000
77    N/A        REPUBLIC OF ARGENTINA                         9,890,997
78    N/A        REPUBLIC OF ARGENTINA ORIG MAT 12/20/03       500,000
79    871639985  SYNERGY PHARMACEUTICALS INC                   48,826
80    87215QAA8  T & W FDG VII L L C SER 1997-A LEASED BAKED   3,101,785
81    87959YAA1  TELIGENT INC, SR NOTES                        11,010,099
82    N/A        THE ISRAEL ELECTRIC CORP LTD, REG S           100,000
83    925817AD0  VICORP, RESTAURANTS INC, SR NOTE              1,880,000
84    N/A        WEST CENTRAL TEX HSG FIN CORP, SGL FAM REV CU 1,968,750
85    978802205  WOODBOURNE CAP TR I FLEX COMMITTED CAP SECS   18,500,000
86    97880P204  WOODBOURNE CAP TR III FLEX COMMITTED CAP SEC  18,500,000
87    97880Q202  WOODBOURNE CAP TR IV FLEX COMMITTED CAP SECS  18,500,000
88    787990167  WTS ST ANDREW GOLDFIELDS LTD, EXP 03/15/2008  433,334



SOURCE Office of the Trustee for the Liquidation of Lehman Brothers Inc.
 
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