Timing/Calculation of Distributions
Question #3: UPDATED - 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. The DBSI Real Estate Liquidating Trust has completed its real estate dispositions, generating net proceeds of more than $50 million. The DBSI Real Estate Liquidating Trust also has received proceeds from its interests in the DBSI Litigation Trust and the Private Actions Trust. To date, these net proceeds have been used to fund the expenses of the Trust, as well as distributions to beneficiaries- the Sixth Distribution being made in April/May 2017 brought the total amount distributed to $56.5 million.

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 are not as readily converted into cash as the real estate assets held by the DBSI Real Estate Liquidating Trust. Instead, the Trustee has been able to structure periodic payments or dispositions to convert these assets into cash over time. The DBSI Liquidating Trust also has received proceeds from its interests in the DBSI Litigation Trust and the Private Actions Trust. To date, the proceeds of these assets have been used to fund the expenses of the Trust, as well as distributions to beneficiaries- the Fourth Distribution in March 2016 brought the total amount distributed to $15.5 million.