Structured Obligations Corporation Select Notes Trust LT 2003-1 has filed a current report on Form 8-K dated October 15, 2026, announcing a distribution to holders of its Long Term Certificates Series 2003-1. The distribution covers an Interest Period commencing September 16, 2026, and concluding on the October 15, 2026 Interest Distribution Date.
According to the filing, the total interest received by the Trust during this period was $186,250.00. The total amount distributed to Certificateholders during the Interest Period was $208,278.25. The trustee, U.S. Bank Trust Company, National Association, reported that the total amount of advances made to the Trustee on the Interest Distribution Date was $42,292.00, resulting in a net total of advances of $42,292.00. The net amount owed by the Trust to the Advancing Party on the Interest Distribution Date was $711,105.01.
The filing details the payments made on Underlying Securities during the Interest Period. The only security to generate a payment was ELEC DATA SYSTEM 7.450% 10/15/29, which paid $186,250.00. All other listed underlying securities, including Carnival Corp, Duke Capital Corp, Citigroup Inc, General Electric Capital Co, and others, reported payments of $0.00.
Regarding principal, the filing states there were no Principal distributions or Principal Losses to Certificateholders as a result of a removal event during this period. At the close of business on the Interest Distribution Date, there were 52,290 Certificates outstanding, which after applying a factor of 80.875884%, resulted in 42,290,000 notional amounts.
