other material
confidence high
sentiment neutral
materiality 0.65
Terra Property Trust: Fund 5 to distribute 14.9M Class B shares; exploring liquidity options
Terra Property Trust, Inc.
- Fund 5 to distribute 14,912,990.19 Class B shares to members on Dec 29, 2023, representing 61% of outstanding.
- Each Fund 5 member receives 2,252.02 Class B shares per unit held.
- TPT evaluating direct listing, share repurchase plan, or non-traded REIT conversion for liquidity.
- Prior WMC merger terminated Aug 2023; TPT received $3M termination fee.