U.S. Bank National Association, acting as trustee for the Select Notes Trust LT 2004-1, has issued a report regarding the distribution of interest for the period ending October 1, 2026. The distribution covers an interest period that began on September 2, 2026, and concluded on October 1, 2026.
The total amount of interest received by the Trust during this period was $101,250.00. This figure represents the gross interest income, which will be allocated to Certificateholders on a pro rata basis for inclusion in their 2026 Form 1099 tax filings. The per-certificate amount of interest income to be reported is $3.166041.
The total interest distributed to Certificateholders during the Interest Period was $151,959.05. The Trust also reported advances made to the Trustee on the distribution date totaling $61,333.00. The net amount owed by the Trust to the Advancing Party on the distribution date was $464,891.16. Additionally, the total interest expense paid to the Advancing Party during the period was $10,627.50, with a per-certificate expense amount of $0.332317.
At the close of business on the Interest Distribution Date, there were 31,980 Certificates outstanding. Applying a factor of 90.619137%, the current principal balance of the Trust is calculated to be $28,980,000.00.
The report details payments made on the underlying securities during the interest period. Of the listed issuers, only General Electric Capital Co. made a payment of $101,250.00, which was fully distributed to the Trust. All other issuers listed, including Century Tel Inc., Credit Suisse FB USA, Daimler Chrysler N A, Boeing Co., Wyeth, AOL Time Warner, DTE Energy Co., Citigroup Inc., US Cellular Corp., and FNM A STRIP, reported payments of $0.00.
