Structured Obligations Corporation filed a Form 8-K on October 15, 2026, reporting a distribution to holders of the Select Notes Trust LT 2003-3. The report details the financial activity for the Interest Period commencing September 16, 2026, and ending on the October 15, 2026 Interest Distribution Date.
The filing states that the total amount of interest distributed to Certificateholders during the period was $149,333.32. The Trust received interest income of $0.00, while interest expense paid to the Advancing Party was $12,500.00. The net amount owed by the Trust to the Advancing Party on the Interest Distribution Date was reported as $419,769.00.
Regarding the outstanding principal balance, the filing reports that at the close of business on the Interest Distribution Date, there were 35,550 Certificates outstanding. Applying a factor of 91.561181%, the current principal balance is calculated to be $32,550,000.00.
The report lists payments made on Underlying Securities during the Interest Period. The specific issuers and securities listed include:
- 5 E O P OPERATING L P 7.875% 7/15/31
- DAIMLER CHRYSLER N A 8.500% 1/18/31
- GOLDMAN SACHS GRP 6.125% 2/15/33
- CITIGROUP INC 5.875% 2/22/33
- GENERAL ELEC CAP CO 6.750% 3/15/32
- LIMITED BRANDS INC 6.950% 3/01/33
- NORDSTROM INC 6.950% 3/15/28
- DOW CHEMICAL CO 7.375% 11/01/29
- G E GLOBAL INSURANCE 7.750% 6/15/30
- VERIZON MARYLAND INC 5.125% 6/15/33
The filing notes that the trustee, U.S. Bank Trust Company, National Association, shall not be held responsible for the selection or use of the CUSIP numbers.
