Item 2.02. Results of Operations and Financial Condition
As reported in Item 8.01, attached as Exhibit 99.1 to this Current Report is a
letter that Advanced BioEnergy, LLC. (the "Company" or "ABE") sent to its
unitholder members ("Members") beginning on or about January 24, 2020 ("Member
Letter"). This Member Letter contains information about the Company's expected
taxable income per unit for calendar 2019, which will be approximately $0.75 per
unit.
Item 8.01. Other Events
On January 24, 2020, the Company began mailing the initial distribution of $7.88
million or $0.31 per unit to Members of record as of January 24, 2020.The
Company's Board of Directors authorized the initial distribution on January 14,
2020.
Attached as Exhibit 99.1 to this Current Report is the Company's January 24,
2020 Member Letter, which includes information about the initial and expected
final distributions, questions and answers regarding Member matters related to
the Plan of Liquidation currently in process, and the Company's projected
taxable income for 2019.
The Member Letter also informed Members that in connection with ABE's
liquidation, the ABE Board of Directors determined that ABE's transfer records
would be closed from and after the close of business on December 19,
2019. Therefore, Members cannot sell or transfer units between now and the final
distribution and liquidation of ABE. The Company had disclosed the information
about closing its transfer records effective December 19, 2020 in previous
filings with the Securities and Exchange Commission.
Item 9.01.Financial Statements and Exhibits
The following Exhibit is attached:
Exhibit 99.1 Advanced BioEnergy, LLC. January 24, 2020 Letter to Members
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