Form of liquidating trust agreement
A liquidating trust is a tax-efficient vehicle to liquidate assets because income of a qualifying liquidating trust is only taxed as income at the beneficiary level.
As of January 24, 2017, there were 214,262,901 units of beneficial interest in DC Industrial Liquidating Trust outstanding.DOCUMENTS INCORPORATED BY REFERENCE None DC Industrial Liquidating Trust is the transferee of the assets and liabilities of Industrial Income Trust Inc.and files reports under the Securities and Exchange Commission (the SEC) file number for Industrial Income Trust Inc. filed a Form 15 on November 4, 2015, indicating its notice of termination of registration and filing requirements.You can obtain the forms by clicking on the links below.Otherwise, Fiduciary Partners or the Receiver can provide them to you. 05, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (the “Company”) announced that it has transferred its remaining assets to (and its remaining liabilities were assumed by) Winthrop Realty Liquidating Trust (the “Liquidating Trust”) in accordance with the Company's Plan of Liquidation.
As previously reported, August 1, 2016 was the last day of trading of the Company's common shares of beneficial interest (the “Common Shares”) on the New York Stock Exchange, and the Company’s stock transfer books were closed as of the close of business on such date.
Subject to certain exceptions related to transfer by will, intestate succession or operation of law, the Units will not be transferable, nor will a beneficiary have authority or power to sell or in any other manner dispose of any Units.
A copy of the Liquidating Trust Agreement was previously filed with the Commission as an Exhibit to the Company’s Current Report on Form 8-K filed July 28, 2016, a copy of which is available on the Commission’s website, gov as well as the Company’s website the investor relations tab.
Because liquidating trusts are formed to maximize value and distribute to creditors some or all of the proceeds of divested assets of a formerly distressed and now liquidated entity, trusts and trustees are subject to scrutiny of already disgruntled beneficiaries or other third parties who may disagree with the manner in which the trustee is attempting to liquidate otherwise illiquid assets.
Adding to the concern of trustees is the fact that, by its nature, the trust is designed to liquidate and distribute all of its assets.
Reimbursement Forms Funeral Directors: Below are the reimbursement forms that will be required.