Comdisco posts $18.35 million of net liquidation assets for quarter

By Caroline Salls

Pittsburgh, Aug. 13 – Comdisco Holding Co., Inc. had $37.17 million in total assets and $18.82 million in total debt as of June 30, resulting in $18.35 million of net assets in liquidation for the quarter ended June 30, according to a company news release.

Comdisco said the net assets in liquidation for the quarter would result in liquidating distributions of $4.56 per common share, based on 4.03 million shares of common stock outstanding on June 30.

During the period of April 1 through June 30, the company said its estimated net assets in liquidation increased by $34,000 as a result of lower estimated future legal fees and increases in the estimated liquidation value of other assets.

Comdisco emerged from Chapter 11 bankruptcy on Aug. 12, 2002. Comdisco Holding is a Rosemont, Ill., company formed to sell the assets of its predecessor Comdisco, Inc. and distribute the proceeds.

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