---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-26-001552"
form_type: "8-K"
ticker: null
cik: "0001223444"
company_name: "STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-1"
filed_at: "2026-05-26T14:24:13+00:00"
generated_at: "2026-05-26T14:26:57.623502+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Select Notes Trust LT 2003-1: May 2026 distribution report shows $208k interest, zero principal loss

## Summary
- Total interest distributed to certificateholders: $208,278.25; per certificate interest income: $3.035953.
- Advances of $49,791.67 made to trustee; $0 repaid; net owed to advancing party $760,896.68.
- No principal distributions or principal losses; 52,290 certificates outstanding with notional $42,290,000.
- Only Target Corp (6.35% 2032) made interest payment of $158,750; nine other underlying securities paid $0.

## SEC filing metadata
- accession: 0001539497-26-001552
- form_type: 8-K
- cik: 0001223444
- company_name: STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-1
- filed_at: 2026-05-26T14:24:13+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1223444/000153949726001552/0001539497-26-001552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1223444/000153949726001552/n5831_x2-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-26-001552
- JSON: https://secwatch.observer/filing/0001539497-26-001552.json
- Plain text: https://secwatch.observer/filing/0001539497-26-001552.txt

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