Please click HERE to access the Receiver’s Notice Of Intent To Make Interim Distribution.

FAQs

Question 1: How is the pre-receivership recovery percentage in Exhibit A to the Distribution Notice calculated?

Answer 1: The pre-receivership recovery percentage is calculated by dividing the total amount of cash an investor previously withdrew from POA by the total amount of cash that investor contributed to POA. These figures come from the investor’s Transaction History in the Reconciliation Notice. For example, if an investor contributed $100,000 and withdrew $20,000 before the Receivership, the pre-receivership recovery would be 20% ($20,000 ÷ $100,000).

 

Question 2: I have not recovered all of my principal, why am I not receiving a distribution?

Answer 2: Under the Court-approved Distribution Plan, distributions are made using the “rising tide” methodology. This method ensures that investors who have recovered less are brought up first, until all investors reach the same overall recovery percentage. The process repeats with each distribution so the “tide” rises evenly. This interim distribution equalizes recoveries to 51.64%. Investors who are not receiving funds in this round, because they have already received a return of at least 51.64%, may be included in future distributions as additional Receivership assets are monetized.

 

Question 3: If I am receiving a distribution, how will it be delivered?

Answer 3: Distributions will be made by check, sent via FedEx or USPS priority mail. For IRA accounts, funds will be sent directly to the custodian.

 

Question 4: Are my reinvested dividends counted when calculating my distribution?

Answer 4: No. Reinvested dividends are considered fictitious profits and are not included when determining distributions. The Court’s Order Approving the Distribution Plan (Section 2(b)) specifically states that “any reinvested dividends in the Fund should be ignored for the purposes of determining distributions.”