CROSSROADS LIQUIDATING TRUST
Extension of Liquidating Trust’s Term
On June 23, 2020, the term of Crossroads Liquidating Trust (the “Trust”) was extended to terminate on or before December 31, 2020 (the “Extension”). The Trust was previously scheduled to terminate on June 23, 2020. The Trustees have exercised provisions under the Liquidating Trust Agreement to extend the duration of the Trust to fulfill the purposes of the Trust as the
COVID-19 pandemic has caused market disruptions and unforeseeable complications in liquidating the remaining three portfolio company investments. The Trust has engaged a market advisory firm and continues its active efforts to sell the remaining trust assets. Please refer to the Form 8K in the SEC Filings section of the Investor Relations tab for the full text of the disclosure, which includes a copy of the amendment to the Liquidating Trust Amendment.
CROSSROADS LIQUIDATING TRUST 2019 TAX INFORMATION
February 13, 2020—Crossroads Liquidating Trust beneficiaries should receive one tax form for 2019—a Grantor Trust Letter from Crossroads Liquidating Trust covering the year ending 12/31/19. The Grantor Trust Letters have been sent to beneficiaries and should be received shortly. If you hold beneficial interest units directly with our transfer agent, you will receive a Grantor Trust Letter directly from us. If you hold beneficial interest units through a third-party broker/custodian (i.e., Fidelity, Schwab, etc.), your broker/custodian should provide your tax information directly. Per past practice, we have provided a per-unit Grantor Trust Letter in the Investor Relations section of the website that you may access as well.
About Crossroads Liquidating Trust
Crossroads Liquidating Trust (www.xroadscap.com) is 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.