EME Reorganization Trust Announces Cash Distribution

SANTA ANA, Calif., Oct. 15, 2014 /PRNewswire/ -- EME Reorganization Trust EMEZU announced that its board of managing trustees has approved a cash distribution of $0.1009262 per beneficial interest. The distribution will be paid on October 31, 2014 to all record holders of beneficial interests as of the close of business on October 24, 2014.  Immediately prior to the distribution, there will be 3,853,697,304 issued and outstanding beneficial interests of the Trust.   

Record Date: October 24, 2014
Payment Date: October 31, 2014
Distribution Amount: $0.1009262 per beneficial interest

The distribution is being made out of (i) proceeds from the sale of certain zero coupon unsecured notes that were previously issued by Edison International EIX to the Trust and (ii) funds released from an escrow account in connection with the EIX settlement.  The aggregate amount of the distribution will be approximately $388.9 million.

EME Reorganization Trust was formed in connection with the confirmation and consummation of the Third Amended Joint Chapter 11 Plan of Reorganization (with Technical Modifications) for Edison Mission Energy and certain of its subsidiaries (the Plan). The Plan became effective on April 1, 2014. The primary purpose of the EME Reorganization Trust is to resolve claims, liquidate remaining assets and make distributions as appropriate to holders of its beneficial interests. 

SOURCE EME Reorganization Trust