The Liquidating Trust is intended to be treated as a “grantor trust” for federal income tax purposes. As such, the tax consequences to a unitholder generally will be similar to those that would be experienced if the trust were treated as a partnership. As with a partnership, items of income, gain, loss, deduction, and credit derived from the Liquidating Trust will be taxed at the unitholder level, and the Liquidating Trust will not be taxed (i.e., no “double taxation”).

The Grantor Letter is an itemized statement which reports a unitholders allocable share of all of the various categories of income, gain, loss, deduction, and credit of the Liquidating Trust.

If the units are held in a taxable account, this information should be used in determining your taxable income.

If your units are held in a tax-exempt or qualified account you should send a copy of the Grantor Letter (include all pages) to the trustee or custodian of your account. The trustee or custodian will need this information to prepare your annual account statement. Tax-exempt accounts include Individual Retirement Accounts (IRAs) and other qualified accounts such as 401(k) plans, SEP IRAs, 403(B) accounts and profit sharing plans.

* * *

The descriptions of federal income tax matters contained in the Grantor Letter are for general informational purposes only and do not address all possible tax considerations that may be material to a former IIT shareholder regarding distributions received upon closing of the Merger or ownership of units of the Liquidating Trust and do not constitute legal or tax advice. Moreover, this Grantor Letter does not deal with all tax matters that might be relevant to a former IIT shareholder or unitholder in the Liquidating Trust, in light of its personal circumstances, nor does it deal with particular types of IIT shareholders and unitholders that are subject to special treatment under the federal income tax laws.

The state, local and foreign tax consequences of any items of income, gain, loss, deduction or credit of the Liquidating Trust may be treated differently for state, local and foreign tax purposes than for federal income tax purposes.

The Liquidating Trust cannot and does not provide income tax advice or guidance. Unitholders of the Liquidating Trust are urged to consult with their tax advisers as to their individual tax consequences and the appropriate tax reporting and tax treatment of their units.

If you need a copy of your tax form, please click here “Financial Advisors”  “Investors”. If you are unable to access these documents, please reach out to our Shareholder Operations Team by phone 888-310-9352 or email Please allow 24 hours for a response via email.
Admin Notes Enso Cloud