For liquidating Single sauna treff
Since, GREIT’S last remaining asset is a single promissory note in the principal amount of ,000,000, distributions depend on payments received toward the balance due on the Note.
An extension on the Note has caused this delay in providing investors with a distribution.
On November 16, 2010, pursuant to the Plan of Dissolution, REMEC, Inc. Sackett, as Trustee, entered into a Liquidating Trust Agreement for the creation and operation of the REMEC Liquidating Trust.With this final distribution, the Trust completed its sole purpose, which was to complete the winding-up of the affairs of REMEC, Inc.and to distribute the proceeds therefrom to the Beneficiaries.The Trustee has paid all remaining liabilities, costs and expenses of the Trust.As such, the Trustee terminated the Trust effective on November 30, 2012.
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