ResCap trust announces $115 million June 9 distribution to unitholders

By Caroline Salls

Pittsburgh, May 15 - The ResCap Liquidating Trust's board of trustees declared a cash distribution of $1.15 per unit to holders of units of beneficial interest in the trust, totaling roughly $115 million, according to a news release.

The distribution will be paid on June 9 to unitholders of record as of the close of business on May 23.

Residential Capital, a New York-based mortgage originator and servicer, emerged from bankruptcy on Dec. 17.

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