Investing
Kodak Sells PE Assets to Mastercard Foundation, Mulls Shuttering Pension
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The board of Eastman Kodak’s pension plan sold a portfolio of illiquid assets to the Mastercard Foundation and is considering winding down the rest of the fund, as the company looks to tap the roughly $1 billion surplus it built up over the years.
The pension plan’s board instructed the committee that manages assets for the fund to start positioning it for a potential sale, according to a regulatory filing on Wednesday, but at the time the decision wasn’t final.