Second Notice Regarding Disposition of LBI Estate Securities - November 4, 2013

NEW YORK, Nov. 4, 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 1 Securities listed in Exhibit A of this notice.

• Bids should be sent to [email protected]  no later than 4:00pm Eastern Time on Tuesday, November 12, 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, November 13, 2013.
• Securities will have reserve prices set at the discretion of the Trustee and Miller Buckfire/ Stifel.

Sales inquiries can be made to:

Media Contact for the Trustee
Jake Sargent
[email protected]  
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.

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

(a)    Securities will trade flat. Buyer to receive all distributions from trade date forward regardless of record date.
(b)   Settles via physical delivery.

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