Fifth-period breeder, owner, and stallion-owner checks (for November and December 2010) were mailed out Feb. 3rd. These checks will reflect the 50% withholding imposed from July 1 on, and the 30% withholding imposed for the first half of 2010. In March, the Fund will be able to send out all withholdings taken during 2010.
As for the 2009 money, we will put checks in the mail on Feb. 16th. Those checks will cover 52% of the withholdings that were made in 2009. That means you will have collected roughly 86% of the awards earned by your horses the year NYC OTB declared bankruptcy.