NEW YORK–(BUSINESS WIRE)–Gleacher & Company, Inc. (OTC Pink: GLCH) (the Company) announced
today that the Board of Directors has determined to make a fourth
liquidating distribution to Company stockholders in the amount of $1.82
per share of the Company’s common stock (approximately $11.3 million in
the aggregate). The record date for this distribution is March 15, 2016.
The Company anticipates that the payment date will be on or about March
22, 2016. Total liquidating distributions, including this fourth
distribution, since the filing of the Companys Certificate of
Dissolution in July 2014 amount to $10.37 per share of the Companys
common stock (approximate…
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