Exhibit 99.1

November 20, 2020

Re: ICON ECI Fund Sixteen Liquidating Trust (the “Trust”)

Dear Registered Representative:

As disclosed in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, the Trust’s only remaining investment asset was an investment in a sales-type lease between a joint venture owned 8% by the Trust and FWN Momentum B.V. (“FWN”) related to a motor cargo vessel. FWN exercised its option to purchase the vessel pursuant to the terms of the lease. As a result, the sales-type lease with FWN was terminated.

On December 4, 2020, the Trust will distribute its remaining cash on hand to its beneficial owners. This distribution completes the final distribution of the remaining assets of the Trust, subject to the creation of a small reserve for the payment of expenses or obligations that may arise. Accordingly, following the distribution, the Trust will be terminated and its reporting obligations with the U.S. Securities and Exchange Commission (Forms 10-K, 10-Q and 8-K) will cease. Once it has been determined that all expenses and obligations of the Trust have been satisfied, any remaining reserves will be distributed to the beneficial owners of the Trust.

In February 2021, your clients will receive a final Schedule K-1 that will include information for the Trust’s activities during 2020, which should be reported on their tax return.

Your clients will also receive similar notification from us advising them of the information set forth above. Should you have any questions, please contact our National Sales Desk at 800-435-5697 or the Investor Relations Department at 1-800-343-3736.

Sincerely,

ICON Capital, LLC

Managing Trustee

ICON Capital, 100 Grossman Drive, Suite 301 Braintree, MA 02184 (800) 343-3736

November 25, 2020

Re: ICON ECI Fund Sixteen Liquidating Trust (the “Trust”)

Dear Investor:

In February 2021, you will receive a final Schedule K-1 that will include information for the Trust’s activities during 2020, which should be reported on your tax return.

Should you have any questions, please call our Investor Relations Department at 1-800-343-3736.

Sincerely,

ICON Capital, LLC

Managing Trustee

ICON Capital, 100 Grossman Drive, Suite 301 Braintree, MA 02184 (800) 343-3736

ICON ECI Fund Sixteen 8-K