NEW YORK–(BUSINESS WIRE)–Gleacher & Company, Inc. (OTC Pink: GLCH) (the Company) announced
today that the Board of Directors has determined to make a fifth
liquidating distribution to Company stockholders in the amount of $0.80
per share of the Company’s common stock (approximately $4.95 million in
the aggregate). The record date for this distribution is July 18, 2017.
The Company anticipates that the payment date will be on or about July
26, 2017. Total liquidating distributions, including this fifth
distribution, since the filing of the Companys Certificate of
Dissolution in July 2014 amount to $11.17 per share of the Companys
common stock (approximately $…
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