NYRT Liquidating settles Delaware/NY litigation; amends WWP Holdings agreement, $6.75M distribution

New York REIT Liquidating LLC

ARC transfers 0.2% interest to WWP JV, resulting in 49.9% ARC and 50.1% WWP JV ownership.
WWP JV named Managing Member; ARC retains consent rights on fundamental decisions.
Pending litigation in Delaware and NY dismissed with prejudice under Settlement Agreement.
Upon dismissal, WWP Holdings to distribute ~$6.75M pro rata; ARC receives $3,393,280.25.
NYRT freed to distribute previously set-aside funds to unitholders or use for expenses.

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