Lehman Announces Liquidation Impacts for Preferred Securities Holders

Lehman Brothers UK Capital Funding V LP has issued a notice concerning the liquidation of LB GP No.1 Ltd, impacting holders of USD 500,000,000 Fixed Rate Enhanced Capital Advantage Preferred Securities, known as LP V ECAPS. The liquidation notice includes crucial implications for both registered and beneficial owners of these securities.

The company advises relevant depositories, custodians, and intermediaries to promptly inform beneficial owners. Details can be accessed via a linked formal notice, requiring stakeholders to paste the URL into their browser. Those facing issues can contact Samantha Hawkins at RSM UK Restructuring Advisory LLP for assistance.

The notice is presented by Matthew Haw, Joint Liquidator of LB GP No.1 Ltd, underlining its significance for the securities’ ecosystem.