Kodak pension trust completes sale of $752.8M illiquid assets to Mastercard Foundation for $540.6M

EASTMAN KODAK CO

Trust sold KRIP illiquid assets with $752.8M NAV to Mastercard Foundation on Dec 31, 2024, receiving $540.6M gross proceeds.
Four other investors bought $87.3M NAV KRIP illiquid assets for $61.7M; $9M of proceeds deferred to Dec 31, 2025.
Two private equity interests failed to transfer due to consent issues and right of first refusal; one immaterial interest sold separately.
After closings, Trust holds $169.4M NAV in remaining illiquid assets as of Sep 30, 2024.
Hedge fund assets received $163.1M in distributions Oct–Dec 2024; NAV at Dec 31 not yet available.

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