Aeverine Frathleen Nieves (“Ava Zinn”) announced today that she is retaining an unnamed organization to split the assets into three legal entities: Ava Zinn herself, Aeverine Zinn Holdings (retail and media sole proprietorship owned and operated by Ava Zinn), and a soon to be named nonprofit social services organization funded by donations (also owned and operated by Ava Zinn, tentatively named The WMAA Foundation and subject to change).
On October 11, 2017, Ava Zinn confirmed that she is reviewing strategic alternatives that will result in any transaction. Ava emphasizes that she is unable to predict if this review will result in any transaction. Ava Zinn can confirm the nonprofit organization will offer the following services: Furniture Bank, Automobile Bank, Adult Adoption Agency, Representative Payee Services, homeless shelters for the LGBT communities in all of Indiana’s 92 counties.
Ava Zinn doesn’t expected make further public comments with respect to this announcement unless such review of strategic alternatives results in transactions.
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