All of the outstanding Common Shares were automatically deemed cancelled, and the rights of beneficiaries in their Units will not be represented by any form of certificate or other instrument.
Shareholders of the Company are not required to take any action to receive their Units.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risk and uncertainties that may individually or collectively impact the matters herein described.
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.
The Company has filed a Form 15 with the Securities and Exchange Commission (the "Commission") to terminate the registration of its Common Shares under the Securities Exchange Act of 1934 and the Company will cease filing reports under that act.
If you are going through the process of asset liquidation, depending on the type of property you own and your personal debt situation, the procedure can vary widely.
In situations involving accounting and ability for liquidation for funds, real estate is commonly regarded as an asset.
Basically, a house is not considered liquid, however it can be ultimately utilized as currently.
You need money to pay creditors, cover spending, or simply desire to re-allocate your funds; your child might be heading off to college soon, or your retirement savings could use a boots.
No matter the situation, liquidation of your assets could be the key to solving your financial problems.