Woodbridge Liquidation Trust

Woodbridge Liquidation Trust is a trust formed to manage the liquidation of assets and resolve claims related to the former Woodbridge Group of Companies. The Trust, along with its wholly-owned subsidiary Woodbridge Wind-Down Entity LLC, operates under a Plan to pursue various legal actions, resolve claims against the Debtors, and pay allowed administrative and priority claims, including professional fees. Its primary function is to receive cash from specific sources and distribute it to Interestholders, after retaining necessary reserves and covering Trust expenses and administrative/priority claims. The Trust has no other operational purpose. Cash sources for the Trust have included net proceeds from settlements of legal actions, cash remittances from the Wind-Down Entity, "Fair Fund" recoveries from the SEC, and assets forfeited to the U.S. Department of Justice by former owners and principals of the Debtors. The Wind-Down Entity was established to develop, market, and sell real estate assets owned by its subsidiaries (the Wind-Down Subsidiaries). Its goal is to generate cash for remittance to the Trust, after covering Wind-Down Group expenses and retaining reserves. The Company, which includes the Trust, the Remaining Debtors, and the Wind-Down Group, has largely completed the liquidation of its assets. The Wind-Down Entity has sold all of its real estate assets. The only remaining assets are one real estate asset acquired by the Trust through a settlement and receivables due to the Trust from the settlement of legal actions.