With respect to additional liquidating distributions, Delaware law requires that we pay or make provision to pay all of our liabilities and obligations, including contingent and conditional liabilities, claims that are subject to pending litigation involving the Company and certain claims that have not arisen or are unknown but that are likely to arise or become known in the future.
On July 28, 2014, we filed a Certificate of Dissolution with the Secretary of State of the State of Delaware and became a dissolved corporation.
As provided by law, we will remain in existence as a non-operating company for purposes of settling our affairs and closing our business, monetizing, disposing of and conveying our property, discharging our liabilities and distributing remaining assets to stockholders.
These activities will include, for example: On March 1, 2016, the Company's Board of Directors declared an interim liquidating distribution of $1.82 per share (approximately $11.3 million in the aggregate) to our stockholders of record as of March 15, 2016.
The Company expects such interim liquidating distribution to be paid on or about March 22, 2016.
Wells Fargo Investment Institute provides monthly reports based on questions many investors have on their minds. is a registered investment adviser and wholly-owned subsidiary of Wells Fargo & Company and provides investment advice to Wells Fargo Bank, N.
Read analysis on each topic, explanations and strategies you may wish to consider. A., Wells Fargo Advisors and other Wells Fargo affiliates. * Most lenders provide funds the next business day.Although our Board of Directors has not adopted a timetable for further liquidating distributions, subject to contingencies inherent in winding up our business, the Board of Directors intends to make such distributions as promptly as practicable, subject to the requirements of Delaware law.Owners of beneficial interests in our common stock who are not also record holders of our common stock (for example, those who hold ownership interests in our shares in book-entry form through DTC and other persons with ownership interests held in "street name" by a broker, bank or other nominee) are not entitled to liquidating distributions directly from the Company.Instead, such owners must look to the ultimate record holder of shares to which their beneficial ownership relates.You should contact your broker or other nominee regarding payment of liquidating distributions.