I have a couple of accounts that I was going to close, but am holding open because of a potential final AAMRQ distribution. I have been told that if I close the account, I lose the potential distribution, and that also there is no way to transfer it to another firm, since it is not an actual stock.
So, I guess I'm here holding these accounts open, until we hear something. I was hoping that American might have all of this finalized by the end of the year. Any news?