The US Bankruptcy Court approved the amended plan of liquidation of American Spectrum Realty, Inc. on July 8, 2016. The debtor has filed its amended plan in the Court on April 18, 2016. As per the approved amended plan, administrative expenses of $0.04 million, US Trustee fees, professional compensation of $2.41 million, DIP Facility claims of $0.5 million, priority non-tax claims of $0.18 million, priority tax claims of $0.46 million, priority tax claims-disputed comprising of Internal Revenue Service, Harris County Clerk, State Comptroller and Secured Claim of Indiana Department of Revenue will be paid in full in cash. Secured Claim of Casa Bandera Investors, LLC, Casa Bandera TIC 13, LLC, Crown Energy Services, Inc. and Crown Building Maintenance, Inc., First Insurance Funding Corp., PPC Irvine Center Investment, LLC and William J. Carden are disputed and if established will be paid in cash. Allowed General Unsecured Claims and the Dunham Funds will share the Liquidating Trust Assets equally if the Allowed General Unsecured Claims are not more than $14 million. If Allowed General Unsecured Claims are higher than $14 million, the Dunham General Unsecured Claim is capped at $14 million and General Unsecured Creditors and the Dunham Funds will share pro rata in all Liquidating Trust Assets. Once Allowed General Unsecured Claims have been paid 22.5% of their Allowed Claims, then thereafter the Dunham Funds shall receive 2/3 of all distributions and Allowed General Unsecured Creditors shall receive 1/3 of all distributions from the Liquidating Trust. Common stock holders, Series A and C preferred stock holders will be cancelled. Series B preferred stock holders will be cancelled and will receive cash distribution. The plan will be funded by cash in hand and sale of assets.