December 2022

Open Market Repurchase of Series B Notes.On any date up to and including December 31, 2022, Section 3.3 of the Indenture permits the Company to repurchase Series A and/or Series B Notes in the open market so long as the Company maintains its Minimum Cash Balance.  Pursuant to that resolution, the Company repurchased a $5,500,000… Continue reading December 2022

September 2022

Form 3520-AAttached is a sample of an IRS Form 3520-A with respect to ownership of trust certificates (“Trust Certificates”) that is based on what was issued by the Lamington Road Grantor Trust, a Cayman Islands grantor trust (the “Grantor Trust”) to another certificate holder.  Such IRS Form 3520-A was prepared by the accounting firm retained… Continue reading September 2022

August 2022

Repayment of Certain Obligation pursuant to Limited Partnership Agreement.As of June 15, 2022, Lamington’s cash balance was $18,291,032. Pursuant to a resolution unanimously adopted on April 5, 2022, the Lamington Board increased the Minimum Cash Balance from $4,000,000 to $4,000,000 plus the amount necessary to repay certain amounts arising pursuant to the Amended and Restated… Continue reading August 2022

May 2022

Lamington Road DAC – Financial Statements November 30 2021.pdf On May 31, 2022, Lamington Road DAC (the “Company”) notified U.S. Bank National Associations, as Trustee (the “Trustee”) under the Lamington Indenture with respect to the Company’s outstanding Series A Notes, Series B Notes and PPNs, that it will cash pay the accrued interest due and… Continue reading May 2022

March 2022

U.S. Federal Income Tax MattersUpdated March 11, 2022 Set forth below is a brief discussion of certain U.S. federal income tax consequences of distributions with respect to the securities issued by Lamington Road Designated Activity Company (“Lamington”) to taxable U.S. persons who hold securities in Lamington that should be treated as equity for U.S. federal… Continue reading March 2022

December 2021

Lamington Road DAC – Financial Statements November 30 2020.pdf Lamington Road DAC – Unaudited Financial Statements May 31 2021.pdf On December 1, 2021, Lamington Road DAC notified U.S. Bank National Associations, as Trustee, that it will cash pay 100 percent of its Series A Note interest payable for the 6-month period ended December 31, 2021… Continue reading December 2021

September 2021

This notice addresses the delivery of Lamington Road DAC’s (the “Company”) Annual Financial Statements for the year ended November 30, 2020 (the “2020 Financials”). As a result of the significant demands of the Company’s restructuring transaction completed in April 2021 and due to delays caused by the COVID-19 pandemic, the Company has required additional time… Continue reading September 2021

May 2021

On May 19, 2021, Emergent completed the follow-up closing to the Restructuring, and as a result all of Emergent’s securities were cancelled and no longer outstanding.

Emergent Restructuring

On April 7, 2021, Emergent moved its operations to Lamington. Upon the Restructuring:

April 2021

On April 7, 2021, Emergent effected a restructuring that resulted in its various security holders receiving securities Series A Notes, Series B Notes, PPNs and Trust Certificates. In addition, the single outstanding share of stock of Lamington that was formerly owned by an indirectly wholly-owned subsidiary of Emergent was transferred to Intertrust Nominees (Ireland) Limited… Continue reading April 2021