Select Notes Trust LT 2003-1 June 2025 distribution: $208k interest paid, $0 principal loss

STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-1

Interest received $295,625; interest distributed $208,278.25; per certificate $5.65.
No principal distribution or loss; notional amount $42.29M across 52,290 certificates.
Advances repaid $87,083.33; net owed to advancing party $673,812.34.
Underlying payments: IBM 5.875% due 2032 ($146,875) and Merck 5.95% due 2028 ($148,750).

item 8.01item 9.01

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