secwatch.observer — SEC 8-K summary
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Issuer:     Terra Property Trust, Inc. (TPTA)
CIK:        0001674356
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001104659-23-128104
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674356/000110465923128104/0001104659-23-128104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674356/000110465923128104/tm2333332d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-128104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer