EFTA00691995.pdf
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From: Richard Kahn
To: "Jeffrey E." <jeevacation@grnail.com>
Subject: Fwd: Fortress Value Recovery Fund I LLC - Distribution
Date: Thu, 10 Dec 2015 21:28:51 +0000
Jeepers will receive a 183,753.77 distribution from Fortress Value Recovery Fund tomorrow December 11th
Per backstop agreement money must be delivered to Dubin within 5 business days and once 4,375,302 is paid
back to Dubin, Jeepers will then receive 100% of distributions from Fortress Fund
Per Q3 summary shows that as of 9-30-2015 Fortress Value Recovery Fund had a Net Asset Value of 61,000,000
It appears unrealistic that Jeepers will receive any additional funds as their ownership % of fund is 1.112996%
Summary to date:
funds received from dubin 10-6-2014
4,375,302
distribution and payment to dubin 11-12-2014
(222,549)
distribution and payment to dubin 12-31-2014
(166,911)
distribution 6-8-2015
(244,778)
distribution 12-11-2015
(1
,754)
balance due to dubin before jeepers receives $
3,557,310
please advise if i should send dubin 183,753.77 Jeepers will receive tomorrow or wait
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
Begin forwarded message:
From: Fortress VRF Investor Relations <
Subject: Fortress Value Recovery Fund I LLC - Distribution
Date: December 10, 2015 at 12:50:40 PM EST
To:
" <
Cc: "Jeanne Brennan
Richard,
Please note a Fortress Value Recovery Fund I LLC (the "Fund') cash distribution with respect to the interest in the Fund
held by Glenn Dubin will be wired on December 11, 2015 in the below amount The distribution is effective November 1,
2015. Pursuant to the Assignment of Economic Interest Agreement dated as of August 1, 2011 between Glenn Dubin
EFTA00691995
and Jeepers, Inc., the amount will be distributed to Jeepers, Inc. in accordance with its wire instructions on file with the
Fund.
Glenn Dubin: $183,753.77 wired to Jeepers Inc., Bank of New York
Please contact Nicole Higgins at (212) 515-7790 with any questions.
Thank you,
Fortress VRF Advisors I LLC
Fortress VRF Investor Relations
Fortress Investment Group
1345 Avenue of the Americas
New York, NY 10105
EFTA00691996
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| Filename | EFTA00691995.pdf |
| File Size | 80.9 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 2,185 characters |
| Indexed | 2026-02-12T13:43:27.251485 |