FirstCity Liquidating Trust (FCFCL) Message Board

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Strategies & Market Trends : FirstCity Liquidating Trust (FCFCL)

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To: leigh aulper who wrote ()	4/21/1998 1:39:00 PM
From: leigh aulper	of 16

FirstCity Liquidating Trust Announces First Quarter Results HOUSTON, April 21 /PRNewswire/ -- FirstCity Liquidating Trust announced today the net asset value of the Trust as reflected in the value of Class B Certificates increased from $91.3 million at December 31, 1997 to $97.1 million as of March 31, 1998. The quarter-to-quarter increase resulted primarily from a previously announced $22 million insurance settlement, less a $17.3 million cash distribution to Class B Certificate holders on January 30, 1998. Also previously announced, subsequent to the March 31, 1998 valuation, an additional cash distribution of $28.3 million was made to Class B Certificate holders on April 15, 1998. This distribution effectively brings the valuation down to $68.8 million as of the April 15, 1998 date.

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