SMTA Liquidating Trust
Form Type: 8-K
Filing Date: 2024-12-13
Corporate Action: Liquidation
Type: Update
Accession Number: 000089534524000613
Comments: On December 12, 2024, the Trustees of SMTA Liquidating Trust resolved to extend the term of the Trust to continue until January 1, 2026. This extension follows a previous plan of liquidation adopted on July 11, 2019, by Spirit MTA REIT. The Trust will terminate upon the distribution of all assets or the expiration of this new extension. As of December 31, 2024, the estimated remaining net assets are $4.0 million, approximately $0.09 per Trust Unit, remaining consistent with estimates from the previous year. The Trust holds reserves for contingent liabilities resulting from ongoing disputes and indemnification obligations. The Trustees are unable to predict the resolution timing for these obligations and will determine final distributions once those are settled.
Document Link: View Document
Additional details:
Remaining Net Assets: 4.0 million USD
Net Asset Per Unit: 0.09 USD
Trust Term Extended To: 2026-01-01