Tag: Equity- Stock Distribution

AA Equity Q&A, December 4, 2015

How much equity did TWU hold back? TWU held back 14% of the equity. Why did TWU hold back 14% of equity? It was estimated that this would permit TWU to satisfy any judgment obtained by plaintiffs, while also covering legal and administrative expenses incurred. Where is the reserve fund being currently held? TWU has…

Equity and Taxes

   Anyone that sold equity shares of stock last year will need to include the 1099B when filing their 2014 income tax. These forms do not have to be mailed out until Feb, 16. They also will be available online at your 401K web site (retireonline.com), under AAL Common stock, then Correspondence. These are produced…

January 23, 2015 – Disputed Claims Reserve update

Dear Brothers and Sisters: American plans to make another distribution of shares to unsecured creditors from its Disputed Claims Reserve (DCR). The DCR holds shares set aside for resolution of certain claims in the bankruptcy proceedings. When American prevails or settles such claims, shares initially held aside for those claims can be distributed. Once again…