2014

Fifth Notice Regarding Disposition of LBI Estate Securities - December 2, 2013

NEW YORK, Dec. 2, 2013 /PRNewswire/ -- James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act, in keeping with his statutory duty and ongoing focus of maximizing the value of the LBI general estate, along with his counsel at Hughes Hubbard & Reed LLP, continues to implement a strategy to liquidate securities and raise cash for distributions to customers and general creditors. 

Consistent with the procedures outlined in the Notice dated October 28, 2013 (available at www.lehmantrustee.com), Miller Buckfire and Stifel Fixed Income are offering the list of Week 4 Securities listed in Exhibit A of this notice.

  • Bids should be sent to LBI@stifel.com  no later than 4:00pm Eastern Time on Tuesday, December 10, 2013 with the following information:
    • Buyer Contact Information
    • CUSIP
    • Security Name
    • Quantity Desired
    • Bid Price
    • Settlement Instructions (for DTC or physical settlement)[1]
  • Miller Buckfire / Stifel will notify winning bidders no later than 10:00am Eastern Time on Wednesday, December 11, 2013.
  • Securities will have reserve prices set at the discretion of the Trustee and Miller Buckfire/ Stifel.

Sales inquiries can be made to:

Al Lhota

Senior Managing Director

alan@stifel.com

T: +1 203 717 6524

Matthew Stewart

Vice President

stewartma@stifel.com

T: +1 203 717 6483

Media Contact for the Trustee
Jake Sargent
jsargent@apcoworldwide.com  
202-569-5086

THE SECURITIES SOLD IN ANY AUCTION HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE BENEFIT OF, U.S. PERSONS ABSENT REGISTRATION UNDER, OR AN APPLICABLE EXEMPTION FROM, THE REGISTRATION REQUIREMENTS OF THE ACT AND APPLICABLE STATE SECURITIES LAW.  THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE AUCTION SECURITIES, AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH, OR TO ANY PERSONS TO WHOM, SUCH OFFERING, SOLICITATION OR SALE WOULD BE UNLAWFUL.


Exhibit A – Week 4 Securities


Count

Cusip/ISIN

Security Description

Quantity

1

01030PEY8

ALABAMA HSG FIN AUTH MULTI FAMILY HSG REV FO (a)(b)

7,050,000

2

XS0130765026

ENRON CORP (a)(c)

2,000,000,000

3

2935618U3

ENRON CORP, ESCROW (a)

7,615,000

4

2935619Q1

ENRON CORP, ESCROW (a)

7,486,000

5

2935618S8

ENRON CORP, ESCROW (a)

6,089,999

6

2935619Z1

ENRON CORP, ESCROW (a)

3,000,000

7

2935619L2

ENRON CORP, ESCROW (a)

2,500,000

8

2935619D0

ENRON CORP, ESCROW (a)

475,000

9

2935619M0

ENRON CORP, ESCROW (a)

51,000

10

347402AA7

FORT HAMILTON HSG LLC MILITARY HSG REV SERIE (a)(b)(d)

4,765,000

11

658196RB8

NORTH CAROLINA EASTN MUN PWR AGY SYS RV REG (a)(b)

300,000

12

844030AH9

SOUTHERN UN CO NEW SR NOTE

14,390,000

13

871639985

SYNERGY PHARMACEUTICALS INC (b)

48,826





a) Securities will trade flat. Buyer to receive all distributions from trade date forward regardless of record date.
b) Settles via physical delivery.
c) Currency is Japanese Yen.
d) 3,330,000 of the Fort Hamilton issue settles via physical delivery, the remainder settles via DTC.

[1]  Most securities will trade through BNY Mellon. Securities held in physical form may be subject to longer settlement periods.

 

SOURCE Office of the Trustee for the Liquidation of Lehman Brothers Inc.



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