Adelphia declares $8 million distribution, expects to dissolve Dec. 31

By Angela McDaniels

Tacoma, Wash., Oct. 10 – Adelphia Recovery Trust’s trustees have declared a cash distribution of $8 million payable on or about Oct. 25 to holders of interests in the trust as of Oct. 18, according to a company news release.

The trust said it expects to dissolve on Dec. 31. All funds remaining after the trust’s obligations have been paid and the winding up process has been completed will be distributed to the trust interest holders, and the trust will be terminated.

Adelphia Recovery Trust is a Delaware statutory trust formed by Adelphia Communications Corp., a Greenwood Village, Colo.-based cable operator that emerged from bankruptcy on Feb. 13, 2007.

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