---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-128104"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:09:18.841531+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Terra Property Trust: Fund 5 to distribute 14.9M Class B shares; exploring liquidity options

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-128104
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465923128104/0001104659-23-128104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465923128104/tm2333332d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-128104
- JSON: https://secwatch.observer/filing/0001104659-23-128104.json
- Plain text: https://secwatch.observer/filing/0001104659-23-128104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.