Casa Ley CVR - Three years from closing of the merger
PDC CVR - Two years from closing of the merger
THE PDC CVR was due to expire on January 30, 2017, but has been extended in order to finalize outstanding matters related to the disposition of PDC. A distribution in the amount of $0.017 per PDC Contingent Value Right was announced on May 8, 2017 (see press release below). The shareholder representative is seeking to collect additional net proceeds of approximately $0.0003; however, the timing and amount, if any, of any future distribution is uncertain.
Albertsons/Safeway will provide more information on the PDC CVR and the Casa Ley CVR when it has more clarity on the amount and timing of distributions with respect to the CVRs.