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Maiden Lane II LLC: Bid List Offering

   

On March 30, 2011, the New York Fed announced that through its investment manager, BlackRock Solutions, it would begin a process to sell the assets in the ML II portfolio both individually and in segments over time as market conditions warrant through a competitive sales process.

This table is updated as bid list information and results are released.

 
  Bid List Offering
Bid List Circulation Time: April 11, 2011 at 1:00 PM
Bid Submission Deadline: April 14, 2011 at 1:00 PM
Winners Notified:

April 14, 2011 at 2:30 PM

CUSIPs: 8
Current Face Amount1: $534,127,946
   
 

Assets sold:

Number of CUSIPs
Current Face Amount1

8

$534,127,946

1Current face amount represents the most recent balance of principal outstanding on the assets and should not be confused with market value or the price ML II paid to acquire the assets.  At October 31, 2008 inception, the ML II LLC paid $20.5 billion for the portfolio of assets with a face amount of approximately $39.3 billion.

Inquiries relating to the sales process can be made at ML2inquiries@blackrock.com.

 
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