Unitholders, final Grantor Trust Letters for 2020 will be mailed to book entry holders during the week of February 15th and should be received by the end of the month. Street holders (e.g., those that held units in an outside brokerage account) should receive applicable tax reporting information through their brokers, custodians, etc. per normal course, the information for which was disseminated to appropriate parties on February 16th. Per past practice, we have posted a per-unit Grantor Trust Letter in the Investor Relations section of this website, which may be used by all holders to help confirm reporting obligations related to the ownership of the units of the Trust's beneficial interests.
CROSSROADS LIQUIDATING TRUST
December 18, 2020
Crossroads Reports the Final Cash Distribution and Termination of the Trust
Crossroads Liquidating Trust (the “Liquidating Trust”) has reported that it has completed the disposition of its remaining portfolio investments via various secondary market transactions. With the completion of the above-noted portfolio dispositions, the Liquidating Trust has no more portfolio interests and its only significant asset is cash.
The Liquidating Trust has also reported that (i) its trustees have approved a final cash distribution of $0.14989 per unit (the “Final Distribution”) to be paid on or about December 18, 2020 to the holders of beneficial interests in the Liquidating Trust as of December 16, 2020, and (ii) it intends to file a Certificate of Cancellation with the State of Maryland with an effective date of December 31, 2020.
As soon as practicable after its dissolution, the Liquidating Trust intends to file a Form 15 with the SEC reflecting the termination of its SEC reporting obligations.
On December 18, 2020, the Liquidating Trust issued a letter to its beneficiaries (the “Beneficiary Letter”) regarding the Final Distribution and termination of the Liquidating Trust. A copy of the Beneficiary Letter is located on the Investor Relations page of the website.
While the Liquidating Trust’s affairs are being wound-down, the Liquidating Trust will continue to maintain its website. Further, the Trust will for a time continue to maintain the administrative information on its website, including the annual information statement to its beneficiaries with information for their tax returns, and any other updates that may be deemed necessary or advisable by the Liquidating Trust’s administrators.
About Crossroads Liquidating Trust
Crossroads Liquidating Trust (www.xroadscap.com) was a Maryland statutory trust. On June 23, 2017, Crossroads Capital, Inc., a Maryland corporation, was converted into Crossroads Liquidating Trust pursuant to a Plan of Liquidation with the sole purpose of liquidating its assets and distributing the proceeds to the trust beneficiaries. As of December 31, 2020, the Trust has completed the final liquidation of its remaining assets and made its final distribution to beneficiaries.