Lehman Brothers Financial SA (CE) (LEHNQ) Quote

page 40: if there is an ECAPS Outcome, PLC shall pay the Tier Z Distributions in the
following proportions:
(A) 42% to GP1; and
(B) 58% to LBHI;
(ii) if there is an LBHI Outcome, PLC shall pay the Tier Z Distributions in the
following proportions:
(A) 12% to GP1; and
(B) 88% to LBHI

https://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf
page 39: if there is an ECAPS Outcome, PLC shall pay the Tier Y Distributions in
the following proportions:
(A) 94% to GP1; and
(B) 6% to LBHI

RE: All guarantees and agreements contain…

NEVER WIN IN COURT due to wrong interpretation of the guarantee for CTs

RE: Is this why you purchased lower priority J

——//——

I bought large amount of J’s and CTs as well. But I do not expect to be paid in the distributions. I’ve been saying for fifteen years now that the hope is on the NOL.
NOL will secure J’s because NOL is owned by equities. This scenario is different from other bankruptcies that usually wipe out all equities. NOL is the reason to continue as a going concern. Possible fresh capital is coming from participating creditors acquisition of LBHI because they will not like the remaining 130B unpaid debt to be wasted. Those creditors are also the existing affiliates of LBHI that holds the majority of all claims.

All guarantees and agreements contained in this Trust Securities Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the ...

The End

11. SUCCESSORS
11.1 GP1 shall not at any time assign, transfer or dispose of its interest in the PLC Sub-Notes
without the prior written consent of the Parties.
11.2 LBHI shall not assign, transfer or dispose of its interest in the PLC Sub-Debt:
(a) on or before 15 December 2024, in any circumstances; and
👉️(b) on and from 16 December 2024, unless:
(i) the assignee or transferee of LBHI’s interest agrees to be bound by the
terms of this Agreement; and
(ii) each of GP1 and DB (in the case of DB, only if it then holds 10% or more
of the ECAPS in issue) have consented to such assignment or transfer,
such consent not to be unreasonably withheld or delayed. 👈️LBHI, GP1 and
DB each agree that it shall not be reasonable to withhold or delay consent
if the proposed transfer, assignment or disposal by LBHI of the PLC Sub-
Debt is for value, save for if there is a genuine demonstrable risk that the
assignment or transfer could undermine this Agreement or that the
proposed assignee or transferee intends to breach, undermine or take
action inconsistent with this Agreement.
11.3 DB shall not assign, transfer or dispose of its interest in the ECAPS, including the ECAPS
Deeds of Guarantee, unless the relevant assignee or transferee has agreed to be bound
by the terms of this Agreement as if it were DB.
11.4 If at any time after the Effective Date DB acquires

Is this why you purchased lower priority J stock shares, in 2011, versus higher priority securities' linked to subordinate bonds, such as our CTs? Thanks, for your posts. Look up and not down to see the waterfall.

toogoodfella

Re: None

Sunday, 09/22/2024 8:46:47 PM

RE: 6.00% SUBORDINATED DEFERRABLE INTEREST DEBENTURE DUE 2053

——//——-//———

YOU CAN READ BUT IT DOESNT MEAN YOU HAVE THE COMPREHENSION.

IT IS SO CLEAR SAYING “SUBORDINATED”.. AND THERE IS STILL 130 BILLION DEBT AHEAD OF IT.

IT IS ALSO CLEAR IT IS DUE ON 2053 SO A GOING CONCERN LBHI IS NOT OBLIGATED TO REDEEM UNTIL 2053.

Common sense or just a coconut shell??

Therefore Lehman’s is a Going Concern.

One cannot offer new contracts if one hasn’t paid their past debts.

Excellent post.



Ron

RE: 6.00% SUBORDINATED DEFERRABLE INTEREST DEBENTURE DUE 2053

——//——-//———

YOU CAN READ BUT IT DOESNT MEAN YOU HAVE THE COMPREHENSION.

IT IS SO CLEAR SAYING “SUBORDINATED”.. AND THERE IS STILL 130 BILLION DEBT AHEAD OF IT.

IT IS ALSO CLEAR IT IS DUE ON 2053 SO A GOING CONCERN LBHI IS NOT OBLIGATED TO REDEEM UNTIL 2053.

Common sense or just a coconut shell??

https://contracts.justia.com/companies/lehman-brothers-holdings-inc-plan-trust-7208/contract/1008222/

RE: are you saying ct's won't get paid?

————//———

I’ve been shouting it for fifteen years!

are you saying ct's won't get paid?

“STUBBORN” for fifteen years.
…can’t stop irrelevant postings…
It’s an obsession!

NOT APPLICABLE FOR LBHI WITH NO MORE MONEY AFTER ALL REMAINING ASSET IS DISTRIBUTED AND STILL OWES APPROXIMATELY 130 BILLION! …….

COMPREHEND BILLION!!!!!

POR IS WRITTEN AND APPROVED BY ALL PARTIES AND THE BANKRUPTCY COURT.

POR IS THE LAW!

WHAT HAPPENED IN UK STAYS IN UK.

A GOING CONCERN LBHI IS NOT OBLIGATED TO REDEEM CTS.

LBHI OBLIGATION IS PAYING INTEREST.

Thank you Dr. C. You found some relavent movement.!!!! Finaly!!! Great find!!!
And possible blessing. For the Lehman London Branch and US..
Here is the Rub.

4.18.4 The Joint Liquidators of the Company opposed the Dividend
because it would lead to prejudice to the holders of the Securities.
This would arise from a loss of statutory interest payable by LBH on
the amount of the Dividend paid to the Company, which could be
held as un-distributable for some considerable time pending the final
resolution of the ECAPS Guarantees position.

No Distributiion untill "Satisfied in Full"

Then againg we are not in Londons Perview. IMO
And that may be a while. IMO

are they done now or another 10 years?

Amendment and
restatement of
Agreed
Distributions:
The Framework Agreement shall be amended and restated such that the
concepts of ECAPS Outcome, LBHI Outcome and Alternative Outcome shall be
removed and Available Funds shall instead be distributed according to the
following scheme (subject in each case to the relevant terms of and the other
relevant distribution conditions set out in the Framework Agreement):
Tier X: As set out in the Framework Agreement (which Tier X Distributions have
already been made in accordance with the Framework Agreement)
Tier Y: To be split 73.8 % (GP1) and 26.2% (LBHI)
Tier Z: To be split 40% (GP1) and 60% (LBHI)
The Parties shall agree in the Amended and Restated Framework Agreement
that a PLI 1 Settlement has occurred.


dhyan40

Re: None

Friday, 09/20/2024 6:58:05 AM

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

Cotton - How should I compare and assess these two situations you have presented in that post? Your thoughts more plainly laid out would be most helpful.

https://tisegroup.com/market/securities/1357
https://casetext.com/case/alesco-preferred-funding-viii-ltd-v-acp-re-ltd-2
https://de.wikipedia.org/wiki/Alesco

Use a song. You might be surprised.

Cotton - Supplied the link for your post so there's a bit of context. It's not difficult. Try harder.

https://www.rns-pdf.londonstockexchange.com/rns/8660E_1-2024-9-19.pdf

https://www.wmd-law.com/wmd-practice-areas/news/firm-obtains-appellate-victory-on-behalf-of-holders-of-over-200-million-in-trups-debentures


WOLLMUTH MAHER & DEUTSCH LLP
500 Fifth Avenue
Brant D. Kuehn
New York, New York 10110

Counsel for Lehman Brothers Holdings Inc.
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
In re
LEHMAN BROTHERS HOLDINGS INC., et al.,
Debtors.
CHAPTER 11
Case No. 08-13555 (MG)
NOTICE OF WITHDRAWAL
TO THE CLERK OF THE COURT AND ALL PARTIES IN INTEREST:
PLEASE TAKE NOTICE that Wollmuth Maher & Deutsch LLP (“WMD”) pursuant
to Local Rule 2090-1(e) hereby withdraws counsel Brant Kuehn, as counsel of record for
Lehman Brothers Holdings Inc., and requests that Brant Kuehn be removed from all notices,
including the Court’s CM/ECF electronic notification list, notices, pleadings, and any
applicable service lists given or filed in the above captioned matter.
PLEASE TAKE FURTHER NOTICE that this withdrawal is limited to Brant Kuehn,
Esq., and does not impact the representation of Lehman Brothers Holdings Inc. by WMD 👈️
attorneys in the above-captioned matter.
08-13555-mg Doc 61676 Filed 07/30/24 Entered 07/30/24 17:09:17 Main Document
Pg 1 of 3

Represents holders of more than $200 million in Trust Preferred Securities (“TruPS”) against certain Defendants who allegedly facilitated and/or participated in wrongdoing that greatly diminished the value of Plaintiffs’ TruPS. In October 2022, the New York Appellate Division, First Department, largely affirmed two decisions in the Trial Court that had largely denied Defendants’ motion to dismiss the amended complaint. Alesco Preferred Funding VIII, Ltd., et al. v. ACP Re, Ltd., et al., 209 A.D.3d 558 (1st Dep’t 2022). The case is now in the discovery phase.

· Represents a class of entities adversely affected by an alleged conspiracy by certain financial entities to inflate the interest rates for Variable Rate Demand Obligations (“VRDOs”), bonds issued by public entities to raise funds for infrastructure and public services. The City of Philadelphia, et al. v. Bank of America Corp., et al., Case No. 19-cv-1608 (JMF) (S.D.N.Y.)

· Represented Lehman Brothers Holdings Inc. and certain of its affiliated entities (collectively, “Lehman”) in litigations asserting indemnification claims against hundreds of mortgage loan sellers relating to Lehman’s multi-billion-dollar settlements of claims litigation with Fannie me, Freddie Mac and trustees for hundreds of RMBS trusts. In re Lehman Brothers Holdings Inc., et al., Case No. 08-13555 (Bankr. S.D.N.Y.), Adversary Proceeding No. 16-01019 (SCC). Collaborating with the client, Brant led a settlement mediation campaign that, with other settlements, resulted in the resolution of approximately 200 adversary proceedings filed by Lehman.


https://lawyers.findlaw.com/profile/view/4200950_1

Brant Kuehn took a position elsewhere, and removed his name as the LBHI counsel at the end of July. Now we see James H.M. Sprayregen is removed from the council as well.

What does this mean? Is LBHI taking steps to wind down finally?

Appendix 3.
Comparative EOS
Notes Base Case Recovery High Case Recovery
£'m £'m
Estimated surplus available to LBH subordinated creditors 1 132 327
LP I LP III LP III Totals LP I LP II LP III Totals
£'m £'m £'m £'m £'m £'m £'m £'m
Scenario 1 - GP1 wins PLI1 (Tier Y) 26.8 41.7 55.5 124.1 45.8 71.1 94.7 211.5
Scenario 1 - GP1 wins PLI1 (Tier Z) - - - - 9.3 14.4 19.2 42.8
Scenario 1 - GP1 wins PLI1 (Tier Y and Tier Z) totals 2 26.8 41.7 55.5 124.1 55.0 85.5 113.9 254.3
Scenario 2 - GP1 loses PLI1 (Tier Y) - - - - - - - -
Scenario 2 - GP1 loses PLI1 (Tier Z) - - - - 2.6 4.1 5.5 12.2
Scenario 2 - GP1 loses PLI1 (Tier Y and Tier Z) totals 3 - - - - 2.6 4.1 5.5 12.2
Scenario 3 - Proposed terms implemented (Tier Y) 21.1 32.7 43.6 97.4 35.9 55.8 74.3 166.1
Scenario 3 - Proposed terms implemented (Tier Z) - - - - 8.8 13.7 18.3 40.8
Scenario 3 - Proposed terms implemented (Tier Y and Tier Z) totals 4 21.1 32.7 43.6 97.4 44.8 69.5 92.6 206.9
Notes
2. Scenario 1 - Estimated recoveries available to ECAPS Accountholders if GP1 wins Priority Legal Issue 1 ("PLI1") on appeal.
3. Scenario 2 - Estimated recoveries available to ECAPS Accountholders if GP1 loses PLI1 on appeal.
5. The above calculations do not take costs (past or future) into consideration.
1. Estimated funds available to LBH's subordinated creditors as per LBH's March 2024 estimated outcome statement. All calculations in scenarios 1 to 3 work on the basis that
the remaining funds available to LBH's subordinated creditors will be £132m in the 'Base' case and £327m in the 'High' case, which are subject to the assumptions set out in
LBH's March 2024 update to creditors. GP1's realisations to date in respect of LP III are not reflected in the above calculations.
4. Scenario 3 - Estimated recoveries available to Accountholders if GP1 enters into the deal being proposed in the term sheet at Appendix 2.

It comes in dribs and drabs


You get the general mood around here joyce c. I don't need to draw you a picture.

Enjoy your weekend. Last day of summer today. I am headed off for The Berkshires.

newflow thanks for your feedback,

Toogood thanks for your valuable input, I am really indebted to you been following you since 6 foot flat days in yahoo and got into Js mainly because of your input in those days.

CTs were extremely illiquid and expensive, I managed to get a decent quantity of Js @ 5c avg cost

JHawg - No one posting.

And that changed rather quickly. 🤣

four sisters

CT"s ...... ?


LB..P..= ?$?


cool post..ty ron


Does keep it lively

Asset Backed Securities.

ABS Trusts are asset backed.
That simple!

The ABS are not a liability of the Parent LBH, or a sub.
The responsibility lives with the Trust/Trustee.

The ABS became bonds with the securitization of the Trusts that were insured by Derivative Contracts as insurance policies to cover all the losses of the Trust.

This whole long game is about the derivative insurance contracts needing time to generate the money to cover the contracts.

LIBOR is nearing completion.


I’m expecting similar numbers from my LB P’s as I am from my WMI P’s.

2.1 face, minimum from the Performance Payments from the Trust associated with the ABS Trust.
I have proven my numbers multiple times.

Similar numbers for all LB ABS Securities.

Same here with the four sisters.


Ron

The overview page of the LBHI ch11 Epiq system listed two legal cases one of which is now the fully settled ECAPS litigation. The only thing that is left is the case between LBIE and Assured Guaranty. Is this the only one that hold us back? I hope that the request for an appeal is denied even if it adversely affects the recovery for LBHI. GLTA

Fascinating posts and angles…

WITHOUT PREJUDICE SAVE AS TO COSTS
SUBJECT TO CONTRACT
LEGAL02/44871304v9
Reserve and Reimbursement Agreement and 7(f) Application Settlement shall
remain in full force and effect without amendment or variation.
Clause 8 of the Framework Agreement shall be amended to record that the
Effective Date occurred on 8 October 2023.
Binding terms: Confidentiality:
All drafts of and the substance of all negotiations in connection with this Term
Sheet are confidential to the Parties and their advisers, who shall not disclose or
otherwise communicate them to any third party without the written consent of
the other Parties other than:
a) the final agreed term sheet may be sent to ECAPS Account Holders and
Beneficial ECAPS Interest Holders who are not party thereto and in that
process may also be circulated by the JLs via RNS;
b) the final agreed term sheet may be sent by DB or Whitefort to ECAPS
Account Holders and Beneficial ECAPS Interest Holders with a view to
obtaining Letters of Support;
c) to the Parties' respective auditors, insurers (and their
insurers/reinsurers), firm (in the case of the JLs and PLC
Administrators), and their respective advisors, and lawyers on terms
which preserve confidentiality;
d) pursuant to an order of a court of competent jurisdiction, or pursuant
to any proper order or demand made by any competent authority or
body where they are under a legal or regulatory obligation to make
such a disclosure;
e) the final agreed term sheet may be disclosed by the PLC Administrators
or the JLs to the extent they reasonably consider necessary or
appropriate in the performance of their functions as office holders;
f) pursuant to any express requirement under the rules of any listing
authority or stock exchange on which a Party's shares are traded; or
g) LBHI may publish the final agreed term sheet, and final settlement
documentation (including the Amendment and Restatement
Agreement and relevant consent orders), on the Bankruptcy Court
docket and report and refer to the settlement terms in its quarterly
reporting and discuss its terms with LBHI’s creditors and investors.
Costs and expenses:
All Parties will pay their own costs and expenses (including legal fees) incurred in
connection with the preparation, negotiation and execution of the Amendment
and Restatement Agreement, and the settlement agreement in respect of the
Partial Discharge Issue, whether or not those agreements are signed or come
into effect (and without prejudice to (i) the PLC Administrators’ costs and
expenses being paid from the PLC estate; or (ii) the JLs’ costs and expenses being
paid from GP1 and/or the ECAPS Issuers; or (iii) the Reserve and Reimbursement
Agreement).
Without Prejudice:


Thanks,

dhyan40

Re: None

Friday, 09/20/2024 6:58:05 AM

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

ITS BANKRUPTED!!

“Imbecile”

RE: …. Educate!…..

Learn a little business fundamentals. I’m not here to educate anyone. It’s been discussed in this board so many times now.

Counsel to the Joint Liquidators.

NOTICE OF WITHDRAWAL OF APPEARANCE AS COUNSEL
AND REQUEST FOR REMOVAL FROM COURT MATRIX AND SERVICE LIST
PLEASE TAKE NOTICE that James H.M. Sprayregen hereby withdraws as counsel to the Joint Liquidators in these chapter 11 cases and the Joint Liquidators requests that his name be removed from the Court’s mailing matrix and service list for these chapter 11 cases.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175093658


It is finished!
Very good news!!!



Ron

how do you know?. you know NADA.

13
4.34 The main economic outcome of the settlement agreed in 2023 was to agree percentage
splits for the distribution of funds across Tiers X, Y and Z. Tier X has already been paid.
The percentage splits for Tier Y and Z turned upon the outcome of the ECAPS 2 Appeal
Hearing. 👉️The 2024 Proposed Terms remove the uncertainty concerning the potential
monetary outcome for GP1 for Tiers Y and Z by fixing the possible percentage return
for Tier Y and Tier Z. 👈️This is on the basis of the proposed settlement of the ECAPS 2
Appeal Hearing which also includes the resolution of the Partial Discharge issue (it
being a condition precedent that the Partial Discharge Issue is also settled). The JLs
are satisfied with the proposed resolution of the Partial Discharge Issue, the outcome
of which sees the parties reach the middle ground of the financial value of the dispute
as a compromise. This aspect of the 2024 Proposed Terms removes a further
impediment to the resolution of the relevant estates involved and the potential future
distribution of funds from LBH. The material economic impact of the 2024 Proposed
Terms are as follows to be compared with the summary of the current position
summarised as paragraphs 4.22 above):
4.34.1 Tier Y: To be split 73.8 % (the Company) and 26.2% (LBHI).
4.34.2 Tier Z: To be split 40% (the Company) and 60% (LBHI)
4.35 The above percentages would be fixed and not dependant on the outcome of ECAPS
2 Appeal Hearing as it is proposed that Priority Legal Issue 1 is settled. The 2024
👉️Proposed Terms would require implementation ahead of the ECAPS 2 Appeal Hearing, 👈️
due to start on 3 October 2024.
4.36 Appendix 3 is a comparative estimated outcome statement that demonstrates some of
the possible Base Case Recovery / High Case Recovery (terms as per table in
paragraph 4.31 above) in relation to the ECAPS 2 Applications and interrelation with
the 2024 Proposed Terms. Please note that the sums disclosed are after accounting
for the costs incurred in the LBH administration estate but are subject to costs incurred
in the Company’s liquidation estate that are attributable to LP I, LP II and LP III.
👉️4.37 The Joint Liquidators are aware that efforts are being made by certain Account Holders,
that have taken an active participation in the winding up of the Company and the
Partnerships, to determine whether support for the 2024 Proposed Terms can be
confirmed in writing by certain known and significant Account Holders in each of LP I,
LP II and LP III. A template letter of support (the “Letter of Support”) is set out in
Schedule 2 of Appendix 2 to this notice. One of the purposes of canvassing levels of
support from Account Holders is to allow the Joint Liquidators to informally ascertain
levels of support for the 2024 Proposed Terms on a non-binding basis. The Joint
Liquidators are supportive of the 2024 Proposed Terms but before entering final binding
agreements in relation to the 2024 Proposed Terms want: (i) evidence of support (in
the form of a Letter of Support) from at least a simple majority of Account Holders in
each of LPI, LP II and LP III; and/or (ii) to understand whether there are any significant
objections from Account Holders in relation to the 2024 Proposed Terms.👈️

RE: SAME SHOULD BE APPLICABLE TO CTs IMO.

YES! If LBHI IS IN THE SAME SCENARIO.
BUT LBHI IS BROKE!!!! No money, No dinero! NADA!!

Just wait and hope LBHI will continue as a going concern.

Priority of subordinated claims against LB Holdings Intermediate 2 Limited (“LBHI2”)
and LBH
4.8 As explained in previous update notices, the subordinated claims of LBH against
LBHI2, and of LP I, LP II, and LP III against LBH were found by the Court of Appeal to
rank ahead of the respective claims of Scottish LP 3 and Lehman Brothers Holdings
Inc. (“LBHI”). An application by LBHI to the Supreme Court for permission to appeal
was not successful. The litigation that concluded in the Court of Appeal is hereinafter
referred to as the “ECAPS 1 Applications” or “ECAPS 1”.

Page 5/81
https://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf
SAME SHOULD BE APPLICABLE TO CTs IMO.

RE: ….of this UK LBH distribution…

LBHI is not affected by it. UK LBH is a non controlled affiliate. LBHI is only concern on how much money will get after Ecaps is paid.

LBHI will just continue on its own POR to complete.

Toogood and Edbk would appreciate your analysis of this UK LBH distribution and whether US CTs and Js and other preferred holders also could get similar proceeds.

Since most of us bought in the below 20c, what would be the proceeds we could expect based on the UK pdf below -- <$10/share, or more including previously accumulated interest for the CTs.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf


Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

Would this be the same in the US for our CT’s?

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

RE: That's the thing. NO ONE IS GOING TO INJECT CAPITAL!!!

Oops!!! YOUR CRYSTAL BALL IS IN LOW BAT…


😝 😝 😝

RE: That's the thing. NO ONE IS GOING TO INJECT CAPITAL!!!

WARREN WILL…. 😂 😆
MY FRIEND ELON ALSO… 😝 😆

'Hail Mary'? Obviously you don't know all the 'SIV's into which LBHI stashed all its Real Estate Holdings...Heck. They even had an SIV named after my city in India where they bought holdings of Buildings in an SEZ, I was blown away when I discovered that....Not to mention of tons of RE all along West Coast, Europe , Singapore, Middle East etc...

Sounds like a hail mary pass.

Umm... Err... Do you know something called 'BK Remote Safe Harbor Assets' ???. Don't bother to answer...

ha. no. that was joe. I'm not him, but I'm starting to think he was right...

Look, i've followed this for years now, and nothing has happened.... I seriously think nothing will.

Convince me otherwise.

Are you that same guy from Atlanta (forgot his 'handle') who said his house burnt and said he wanted to post here to 'save us' from 'having hope'???

Announcement of additional preferred equity distribution - 3 September 2024
Following the Joint Administrators' announcement dated 7 November 2023, the LBIE directors have proposed, in consultation with the Joint Administrators who are in agreement, that the Company make a distribution by way of dividend to LB Holdings Intermediate 2 Limited ("LBHI2"), as sole holder of LBIE's preferred equity, in the amount of £26m.

In putting forth their proposal, the LBIE directors have considered, again in consultation with the Administrators, a balance sheet and management information as at 14 July 2024, showing the profits, losses, assets, liabilities, provisions, capital, potential downside future recoveries and reserves (including undistributable reserves) of the Company, to which it was necessary to have regard when determining whether a distribution could lawfully be made.

The Joint Administrators having consented to the proposal from the LBIE directors, the distribution was made on 3 September 2024 and brings the total distributed to date to LBHI2, in respect of its preferred equity, to £428m.

If any interested party requires more information, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.