WMI Liquidating Trust Announces Distribution Of Approximately $17 Million

  WMI Liquidating Trust Announces Distribution Of Approximately $17 Million

PR Newswire

SEATTLE, Oct. 29, 2013

SEATTLE, Oct. 29, 2013 /PRNewswire/ --WMI Liquidating Trust (the "Liquidating
Trust"), formed pursuant to the confirmed Seventh Amended Joint Plan of
Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as
modified, the "Plan") of Washington Mutual, Inc. ("WMI"), today announced that
it will make a distribution (the "Distribution") of approximately $17 million
to certain beneficiaries.

In accordance with the priority of payments described in Exhibit H to the
Plan, the Distribution will be allocated solely to claimants in "Tranche 3".
After the Distribution, CCB Guarantees Claims will have been paid entirely
and, as a result, the Liquidating Trust can distribute remaining Runoff Notes
owned by the Liquidating Trust to its beneficiaries. Such distribution of
Runoff Notes would occur on the next scheduled quarterly distribution date of
February 1, 2014.

The Liquidating Trust intends to initiate the upcoming $17 million
Distribution on Friday, November 1, 2013. Additional detail associated with
the Distribution will be set forth in the Quarterly Summary Report (the "QSR")
for the period ended September 30, 2013. The QSR will be filed by the
Liquidating Trust with the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court") on or about October 30, 2013.

Further information about WMI Liquidating Trust can be found at
www.wmitrust.com.

Contact

Andrew Siegel / Jed Repko / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE WMI Liquidating Trust

Website: http://www.wmitrust.com
 
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