In connection with the sale, Winthrop provided the buyer with ,400,000 of seller financing which bear...BOSTON, June 15, 2016 (GLOBE NEWSWIRE) -- As previously reported, Winthrop Realty Trust (NYSE: FUR) (the "Company") will transfer all of its assets and liabilities to a liquidating trust effective at the close of business on August 5, 2016. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.Management will host a conference call to discuss the Company's results at PM Eastern Time. BOSTON, July 05, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that its 550,000 square foot warehouse property located in Jacksonville, Florida was sold for a gross sales price of ,500,000.Distributions Historical Breakdown Distributions to stockholders are characterized for federal income tax purposes as: (i) ordinary income; (ii) non-taxable return of capital; or (iii) long-term capital gain.Distributions that exceed the Company’s current and accumulated tax earnings and profits constitute a return of capital and reduce the stockholders’ basis in the common shares.In connection therewith, on August 5, 2016 common shareholders of record will be distributed one ...
As a result of this transaction investors previously received: Investors in taxable accounts will be responsible for determining their own specific taxable gain or loss resulting from the total proceeds reported on 1099-DIV.
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.
It is expected that the Liquidating Trust will only be required to file with the Commission annual reports on Form 10-K and current reports on Form 8-K.