• ISIN: US57563TAF21
  • Entity Name: Massachusetts Development Finance Agency/The
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Final Settlement
  • News: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE ABOVE BONDS. IF YOU RECEIVE THIS NOTICE AND ARE ACTING FOR A BENEFICIAL OWNER, PLEASE SEND THIS NOTICE TO THE BENEFICIAL OWNER(S) IMMEDIATELY. Wells Fargo Bank, National Association, acts as trustee (the Trustee) for the holders of the above-referenced Bonds issued under a Mortgage, Security, Loan and Trust Agreement dated as of November 1, 2009 (as amended, the Loan Agreement) among Massachusetts Development Finance Agency, as issuer (the Issuer), The Groves in Lincoln, Inc. (f/k/a The Groves in Lincoln Deaconess, Inc.), as borrower (the Borrower) and the Trustee, as amended by the First Amendment dated November 18, 2011 among the Issuer, the Borrower and the Trustee and the Second Amendment dated March 1, 2012 among the Issuer, the Borrower and the Trustee. Proceeds of the Bonds were used by the Borrower to acquire and construct a continuing care retirement community known as The Groves in Lincoln, located in Lincoln, Massachusetts (the Facility). Capitalized terms not defined herein shall have the meaning set forth in Loan Agreement. DISTRIBUTION A Final Distribution for the Bonds was made on July 24, 2014; however, the Trustee recently received from the bankruptcy estate for the Bonds approximately $106,953.20 for distribution to the Bondholders. The Trustee will distribute these funds (less permitted fees and expenses) to Bondholders and such distribution shall constitute the last and final payment to be made with respect to the Bonds. No further distributions will be made with respect to the Bonds after this distribution. The Trustee has assigned July 11, 2013 as the record date (the Record Date) and June 22, 2016 as the payment date for the Final Distribution. Holders of the Bonds as of the Record Date will receive the following distribution: CUSIP Original Principal Distribution Per CUSIP Rate Per $1,000 Original Principal Amount 57563TAE5 $ 9,530,000.00 $11,526.22 1.209467 57563TAF2 15,460,000.00 $18,698.37 1.209467 57563TAD7 16,950,000.00 $20,500.47 1.209467 57563TAG0 34,750,000.00 $42,028.99 1.209467 57563TAH8 11,740,000.00 $14,199.15 1.209467 TOTAL $88,430,000.00 $106,953.20 For Bond Document please visit
  • Description: *****
  • Bond Document:
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