GCG Provides October 14, 2014 Notice Regarding the Proposed RMBS Settlement

LAKE SUCCESS, N.Y., Oct. 24, 2014 (GLOBE NEWSWIRE) -- The following statement is being issued by GCG regarding the proposed RMBS Settlement. NOTICE OF A JUDICIAL INSTRUCTION PROCEEDING IN CONNECTION WITH THE ACCEPTANCE OF THE SETTLEMENT AGREEMENT WITH JPMORGAN NOTICE IS HEREBY GIVEN TO THE HOLDERS OF CERTIFICATES, NOTES OR OTHER SECURITIES OF THE RESIDENTIAL MORTGAGE-BACKED SECURITIZATION TRUSTS AND LOAN GROUPS (THE "CERTIFICATEHOLDERS") IDENTIFIED IN EXHIBIT A HERETO (THE "OCTOBER 1 ACCEPTING TRUSTS") AND OTHER PERSONS POTENTIALLY INTERESTED IN THE OCTOBER 1 ACCEPTING TRUSTS. THE ACCEPTANCE OF THE SETTLEMENT AGREEMENT COULD MATERIALLY AFFECT THE INTERESTS OF THE CERTIFICATEHOLDERS. NOTICE IS HEREBY GIVEN TO THE CERTIFICATEHOLDERS BY: LAW DEBENTURE TRUST COMPANY OF NEW YORK U.S. BANK NATIONAL ASSOCIATION WELLS FARGO BANK, NATIONAL ASSOCIATION WILMINGTON TRUST, NATIONAL ASSOCIATION EACH, IN ITS CAPACITY AS TRUSTEE, SEPARATE TRUSTEE, AND/OR SUCCESSOR TRUSTEE OF THE OCTOBER 1 ACCEPTING TRUSTS (THE "OCTOBER 1 ACCEPTING TRUSTEES"). CUSIP NUMBERS TO WHICH THIS NOTICE RELATES MAY BE FOUND AT: HTTP://WWW.RMBSTRUSTEESETTLEMENT.COM/LIST_OF_RMBS_TRUSTS.PDF. Dated: October 14, 2014 This notice ("Notice") is given to you by the October 1 Accepting Trustees and relates to the RMBS Trust Settlement Agreement entered into as of November 15, 2013 and modified as of July 29, 2014 (the "Settlement" or "Settlement Agreement"), by a group of twenty-one (21) institutional investors and JPMorgan Chase & Co. and its direct and indirect subsidiaries, which is available at: http://www.rmbstrusteesettlement.com/docs/Modified_Proposed_Settlement .... Capitalized terms used in this Notice and not otherwise defined have the meanings assigned to them in the Settlement Agreement. On August 1, 2014, certain of the Accepting Trustees (the "August 1 Accepting Trustees") accepted the Settlement on behalf of certain residential mortgage-backed securitization trusts and loan groups within such trusts (the "August 1 Accepting Trusts") for which they respectively serve as trustee, indenture trustee, separate trustee, and/or successor trustee, subject to Final Court Approval. On August 3, 2014, the August 1 Accepting Trustees filed a petition seeking judicial approval of their decision to accept the Settlement on behalf of the August 1 Accepting Trusts and commenced a judicial instruction proceeding pursuant to CPLR § 7701, In the matter of the application of U.S. Bank National Association, et al. (Index No. 652382/2014) (the "Article 77 Proceeding"), in the Supreme Court of the State of New York, County of New York (the "Court").