Ace Aviation Holdings Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2016
Ace Aviation Holdings Inc. announced earnings results for the second quarter ended June 30, 2016. In the second quarter of 2016, ACE recorded a decrease in net assets in liquidation of approximately $12.2 million as a result of the distribution to the shareholders of ACE in the aggregate amount of $12 million which was paid on June 22, 2016, and as a result of administrative and other expenses incurred during the quarter, offset by interest income earned during the quarter.