Timing/Calculation of Distribtuions
Question #3: Where does the money come from to fund distributions?

DBSI Real Estate Liquidating Trust: The DBSI Real Estate Liquidating Trust was vested with assets consisting of various interests in real estate.  By 2016, the Trustee had completed all property disposition transactions, with net proceeds of approximately $50 million.  These net proceeds (along with litigation proceeds received from the Estate Litigation Trust and the Private Actions Trust) were used to fund the expenses of the Trust, as well as six distributions to beneficiaries totaling $56.5 million. See Final Reports.

DBS Liquidating Trust: The DBSI Liquidating Trust was vested with assets consisting primarily of interests in various technology companies, as well as certain other contract rights. These assets were not as readily converted into cash as the real estate assets held by the DBSI Real Estate Liquidating Trust.  Instead, the Trustee was able to structure periodic payments, dispositions or settlements to convert these assets into cash over time (concluding in 2017).  The net proceeds of these assets (along with litigation proceeds received from the Estate Litigation Trust and the Private Actions Trust) were used to fund the expenses of the Trust, as well as four distributions to beneficiaries totaling $15.5 million. See Final Reports.