Advanced BioEnergy
About SEC Filings Investor Relations Contact


investor relations sec filings corporate governance unit transfer home

Investor Relations

Recent Communications

Final Distribution
On July 19, 2021, the Board of Directors authorized a final distribution to Members of $8.5 million or $0.332 per unit, payable to Members of record as of July 19, 2021. The Company mailed each Member the final distribution, with a letter containing additional information about the Company’s liquidation and dissolution process, beginning July 20, 2021. 
Please see the link below for a copy of the letter that was sent with the distribution check.  The letter also addresses expected timing of the FINAL K-1 that will be mailed to unit holders for the 2021 tax year, and past distributions made by the Company.
If you are a unit holder and have not yet received your check, please contact us at members@advancedbioenergy.com or via U.S. mail at: PO Box 201759, Bloomington, MN 55420. 
Please note the following important information:

    1. It is very important you cash your distribution check as soon as possible.  Any checks remaining uncashed at November 1, 2021, will be escheated to the unclaimed property division of the state of the Member’s address on the Company’s records. Any Member searching for final distribution proceeds after that date will be required to go to that Member’s individual state to collect the funds because the Company will have escheated them to the applicable state.

    2. The Company has closed its offices and after December 1, 2021 will not be responding to any mail or email correspondence. The Company intends to maintain this website through December 31, 2022, where there will be information available with regard to distributions and contacts for tax information. You can find further information on the Company’s history by searching EDGAR on the SEC‘s website, www.SEC.gov.

    3. The Company expects final K-1’s to be mailed by our tax accounting firm, RSM, in January 2022.

Advance BioEnergy Final Letter to Members

 

Initial Distribution

On January 14, 2020, the Board of Directors authorized an initial distribution to Members of $7.88 million or $0.31 per unit, payable to Members of record as of January 24, 2020. The Company mailed each Member the initial distribution, with a brief summary of the Company’s windup process, beginning January 24, 2020. 

If you are a unit holder and have not yet received your check, please contact us at members@advancedbioenergy.com or via U.S. mail at: PO Box 201759, Bloomington, MN 55420.  Please see the link below for a copy of the letter that was sent with the distribution check.  The letter also addresses expected timing of the second and final unit holder distribution.

January 24, 2020 Unit Holder Letter


Other Information

As previously disclosed in filings with the Securities and Exchange Commission (“SEC”), Advanced BioEnergy, LLC (the Company”), ABE South Dakota, LLC and Glacial Lakes Energy, LLC closed the previously described Asset Sale on December 19, 2019.

Upon the closing of the Asset Sale, the Company commenced its liquidation in accordance with the Plan of Liquidation adopted by the Company’s Members at a Special Meeting of Members held on September 19, 2019.

In connection with the Company’s liquidation, the Company’s Board of Directors determined that the Company’s transfer records would be closed from and after the close of business on December 19, 2019. Accordingly, as of December 19, 2019, the holders of units ceased to have any rights in respect of these units except the right to receive distributions, if any, pursuant to and in accordance with the Plan of Liquidation, the Company’s Operating Agreement and Delaware law. In addition, ABE is deemed dissolved under Delaware law and continues to exist for the sole purpose of converting its assets into cash, paying or making provision for the payment of its liabilities and after this is completed, distributing its remaining assets to its Members.


Contact Us

We no longer have employees at Advanced BioEnergy.  If you need to contact us regarding an address change or other unit holder matter, please email: members@advancedbioenergy.com or you may send mail to P.O. Box 201759, Bloomington, MN 55420