STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-1 8-K

What Happened

• The trust filed a Form 8-K (filed 2025-12-29) reporting a distribution to holders of the Certificates issued by Select Notes Trust LT 2003-1. The trustee’s report relates to the December 15, 2025 distribution date.
• The filing notes that any issuer (or guarantor or successor) that represents 10% or more of the trust is required to file periodic reports under the Securities Exchange Act of 1934, and those reports are publicly available from the SEC.

Key Details

• Distribution date referenced: December 15, 2025.
• The trustee’s report for that distribution is included as an exhibit to the 8-K.
• Any issuer representing ≥10% of the trust is subject to Exchange Act reporting; those reports can be inspected at the SEC or via SEC.gov.
• The filing states that neither Structured Obligations Corporation nor the trustee prepared, investigated, or verified the accuracy or completeness of the underlying issuers’ public reports.

Why It Matters

• For certificate holders, this confirms a scheduled cash distribution (Dec 15, 2025) and provides the trustee’s formal report documenting that payment.
• The note that major underlying issuers are subject to Exchange Act reporting points investors to SEC filings for more information about large exposures within the trust.
• The trust’s disclaimer that it did not verify underlying issuers’ reports is a reminder investors should review the underlying issuers’ SEC filings themselves for material developments affecting the trust’s assets.