SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) October 12, 2018
WINTHROP REALTY LIQUIDATING TRUST
(Exact Name of Registrant as Specified in Its Charter)
| Ohio | ||
| (State or Other Jurisdiction of Incorporation) | ||
| 001-06249 | 34-6513657 | |
| (Commission File Number) | (I.R.S. Employer Identification No.) | |
| 7 Bulfinch Place, Suite 500, P.O. Box 9507, Boston, Massachusetts | 02114 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| (617) 570-4614 | ||
| (Registrant's Telephone Number, Including Area Code) | ||
| n/a | ||
| (Former Name or Former Address, if Changed Since Last Report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01. | Other Events |
On October 12, 2018, the Trust’s trustees approved a liquidating distribution of $0.40 per common beneficial interest in the Trust payable in cash on October 22, 2018 to beneficial owners of record on October 15, 2018. The proceeds for such distribution were derived from the sales of the Trust’s Plantation, Florida property and note receivable with respect to its formerly owned Jacksonville, Florida property.
Also on October 12, 2018, the Trust issued a press release with respect to the distribution described in this Item 8.01. A copy of the Press Release is furnished as Exhibit 99.1 to this Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
| (c) | Exhibits |
| 99.1 | Press Release dated October 12, 2018. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 12th day of October, 2018.
| WINTHROP REALTY LIQUIDATING TRUST | ||
| By: | /s/ Michael L. Ashner | |
| Michael L. Ashner | ||
| Trustee | ||
Contact at Winthrop Realty Liquidating Trust
John Garilli
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: jgarilli@winthropcapital.com
______________________________________________________________________________
FOR IMMEDIATE RELEASE
October 12, 2018
WINTHROP REALTY LIQUIDATING TRUST TO MAKE DISTRIBUTION OF $0.40 PER BENEFICIAL UNIT
FOR IMMEDIATE RELEASE – BOSTON, October 12, 2018/ -- Winthrop Realty Liquidating Trust (the "Trust") announced today that the Trust's trustees have approved a liquidating distribution of $0.40 per common beneficial unit in the Trust payable in cash on October 22, 2018 to holders of record on October 15, 2018. The distribution is being made from the proceeds received from the sales of its Plantation, Florida property and note receivable with respect to its formerly owned Jacksonville, Florida property. The net proceeds received from the Jacksonville note sale are approximately $0.01 per beneficial interest less than the Trust’s estimated net assets in liquidation attributable to this asset at December 31, 2017. The net proceeds received from the sale of its Plantation, Florida property are approximately $0.19 per beneficial interest less than the Trust’s estimated net assets in liquidation attributable to this asset at December 31, 2017.
Since August 5, 2014, the date on which Winthrop Realty Trust’s shareholders adopted its plan of liquidation, Winthrop Realty Trust and the Trust have disposed of 47 of its 51 assets that it held on such date and paid, after giving effect to the distribution announced in this press release, total distributions per beneficial interest of $16.80. For a description of the Trust’s remaining assets please go to the Trust’s website, www.winthropreit.com on the Company Profile page.
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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.