WASHINGTON, D.C. July 24, 2015 – The Securities Investor Protection Corporation (SIPC) praised James W. Giddens, Trustee for the liquidation of MF Global Inc. (MFGI), and the Plan Administrator of MF Global Holdings Ltd. (MFGH) who today filed a joint motion with the U.S. Bankruptcy Court for the Southern District of New York seeking approval for a final, cumulative 94 to 95 percent distribution by the MFGI Trustee on all allowed general unsecured creditor claims other than the MFGH claims.

SIPC President Stephen Harbeck said: “The size and scope of the case, coupled with a 94 to 95 percent distribution, make this case virtually unprecedented under the Securities Investor Protection Act, or any other bankruptcy. This is an extraordinary achievement and Trustee Giddens and his staff have demonstrated that the Securities Investor Protection Act is an effective mechanism in the most complex liquidation proceedings.”

This significant milestone in the MFGI liquidation follows the Trustee’s full satisfaction of allowed customer, secured, administrative and priority claims, and two interim distributions for allowed unsecured claims. Thus far, the Trustee has distributed:

• Customer claimants - $6.7 billion to cover 100 percent of allowed claims
• Secured, administrative and priority general claimants - $33.2 million to cover 100 percent of allowed claims
• Unsecured general claimants - $991.6 million in two interim distributions to cover 74 percent of allowed claims

Seven claims against MFGI remain in dispute, and the Trustee is seeking to establish a final unsecured claims reserve to account for those claims, while releasing all unnecessary reserves. After the remaining claims are resolved, the Trustee intends to close the MFGI estate, ending the liquidation proceeding.