BOSTON, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the “Trust”) announced today the Trust’s trustees have approved a liquidating distribution of $0.50 per common beneficial unit in the Trust payable in cash on November 22, 2016 to holders of record on November 14, 2016. For tax purposes, the liquidating distribution is considered a return of capital.
The Trust also announced that the B note secured by Poipu Shopping Center, Koloa, Hawaii was satisfied in full at par. The $2.73 million received is consistent with Winthrop Realty Trust’s last reported liquidation value attributable to this asset. No gain or loss was recognized on the loan satisfaction.
About Winthrop Realty Liquidating Trust
Winthrop Realty Liquidating Trust was formed to continue the liquidation process of remaining assets held by Winthrop Realty Trust at August 5, 2016. The Trust’s sole purpose is to continue to seek to sell these assets in an orderly fashion to maximize value to its beneficiaries. Subject to certain exceptions related to transfer by will, intestate succession or operation of law, interests in the Trust are not transferable, nor do beneficiaries have authority or power to sell or in any other manner dispose of their interest in the Trust. For more information about the Trust’s remaining assets, please visit our web-site at www.winthropreit.com.