I think between 40-45 is probably the range, although any action will more likely be a sale of the indvidiual assets for cash and then the winddown of the company structure.
The problem could be that their assets rated below BBB- may be harder to sell off. So we could be left with a fund with no debt at all, but some lower quality leftover loans that may or may not be harder to sell etc.
Anyway I am sure the new debt advisors will come up with some sort of a plan in a few months time.
MXQ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held