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How will the Tribune stock held by the ESOP be valued each year and who will conduct the valuation?

April 26, 2017conduct ESOP held stock tribune valuation Valued year

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How will the Tribune stock held by the ESOP be valued each year and who will conduct the valuation?

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The value of the Tribune stock held in the ESOP will be determined at the end of each year by an independent appraiser hired by the ESOP Trustee, GreatBanc Trust Company. GreatBanc expects to use Duff & Phelps, a nationally recognized appraisal firm, to conduct these annual valuations. A summary of the results of each appraisal will be provided to ESOP participants each year.