Spirit MTA REIT Completes Transfer of Remaining Assets to SMTA Liquidating Trust
Spirit Realty Capital, Inc. (SRC)
Last spirit realty capital, inc. earnings: 2/25 06:31 am
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US:NYSE Investor Relations:
spiritrealty.com
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--SMTA LIQUIDATING TRUST (the “Liquidating Trust”) announced today that, pursuant to the Plan of Voluntary Liquidation approved by the board of trustees of Spirit MTA REIT (The Company”) on July 11, 2019, and the shareholders of the Company on September 4, 2019, effective as of January 1, 2020, at 12:01 A.M. Eastern Time (the “Effective Time”), the Company transferred all of its assets (subject to all of its liabilities) to a newly-created liquidating trust called “SMTA Liquidating Trust”, a Maryland common law trust, for the benefit of the shareholders of the Company and, in connection with such transfer, the Liquidating Trust distributed all of the units of beneficial interests of the Liquidating Trust to the shareholders of the Company, with each shareholder receiving one Liquidating Trust Unit for each common share of the Company then held of record by such shareholder. As of the Effective Time, all outstanding Company Shares were cancelled, and the Comp
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