Structured Obligations Corp Select Notes Trust LT Ser 2003 1
11/25/2024 | Press release | Distributed by Public on 11/25/2024 16:02
Material Event Form 8 K
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By: /s/ James G. Millard
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________________________________
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Name: James G. Millard
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Title: President
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November 15, 2024
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EXHIBIT INDEX
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Exhibit
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Page
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1
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Trustee's Report with respect to the November 15, 2024 Distribution Date for the Select Notes Trust LT 2003-1
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5
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Exhibit 1
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To the Holders of:
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Select Notes Trust LT 2003-1
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Long Term Certificates Series 2003-1
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*CUSIP:
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81619PAA5
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U.S. Bank Trust Company, National Association, as Trustee for the Select Notes Trust LT 2003-1 (the "Trust"), hereby gives notice with respect to Interest Period commencing on the day after October 15, 2024, and including the November 15, 2024 Interest Distribution Date (the "Interest Period") in respect of November 15, 2024 Interest Distribution Date (the "Interest Distribution Date") as follows:
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The amount of interest received by the Trust during the Interest Period is as set forth below (each Certificateholder's pro rata portion of this amount is the amount to be included in such Certificateholder's Form 1099).
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$ 158,750.00
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a. |
Per certificate held amount of interest income to be included in Form 1099 for the year ending December 31, 2024 is set forth below.
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$ 3.035953
| 2. |
The total of all interest distributed to Certificateholders during the Interest Period is set forth below.
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$ 208,278.25
| 3. |
Total amount of advances made to the Trustee on the Interest Distribution Date is $ 49,791.67
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| 4. |
Total amount of advances repaid to the Advancing Party during the Interest Period is $ 0.00
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| 5. |
The net total of advances made during the Interest Period is $ 49,791.67
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a. |
The net amount owed by the Trust to the Advancing Party on the Interest Distribution Date is set forth below.
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$ 760,894.66
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The total amount of interest expense paid to the Advancing Party during the Interest Period is set forth below (each Certificateholder's pro rata portion of this amount should be included in a footnote to such Certificateholder's Form 1099 indicating that such amount should constitute investment indebtedness interest, which can be deducted by non-corporate taxpayers to the extent of such net investment income).
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$ 0.00
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a. |
Per certificate held amount of interest expense to be included in Form 1099 for the year ending December 31, 2024 is set forth below.
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$ 0.000000
7. The total of all Principal distributed to Certificate holders as a result of a removal event.
$ 0.00
Per certificate held amount of principal recovery to be included in Form 1099 for the year ending is set forth below.
$0.000000
8. The total of all Principal Loss to Certificate holders as a result of a removal event this period.
$0.00
Per certificate held amount of principal loss to be included in Form 1099 for the year ending is set forth below.
$0.000000
| 9. |
At the close of business on the Interest Distribution Date, there were 52,290 Certificates outstanding, which after applying the factor of 80.875884%, results in 42,290,000 notional amounts.
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| 10. |
Payments made on Underlying Securities during the Interest period are as set forth below.
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11/1/2024
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TARGET CORP 6.350% 11/01/32 CUSIP 87612EAK2
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$ 0.00
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$ 158,750.00
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U.S. Bank Trust Company, National Association, as Trustee
*The Trustee shall not be held responsible for the selection or use of the CUSIP number nor is any representation made as to its correctness. It is included solely for the convenience of the Holders.
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