	transworld trust twt sets initial pay date transworld liquidating trust said it will distribute proceeds from the sale of hilton international co to ual inc ual to its holders on april the deal is expected to close march the day trading ceases in the liquidating trust shares ual will pay mln dlrs cash shares of ual common stock and mln dlrs worth of ual debentures to transworld but it may substitute cash for the securities the initial distribution will include all the cash stock and debentures received in connection with the sale the company said the shares in the trust formerly represented shares of transworld corp common stock the company said the balance of cash in the trust will be used to satisfy all liabilities and obligations of the trust after satisfaction of the payments the company will make a second distribution around april it said reuter 
