On July 28, 2026, following the approval of the Supervisory Board (the "Board") of Woodbridge Liquidation Trust (the "Trust"), the Liquidation Trustee of the Trust executed Amendment No. 7 to the Liquidation Trust Agreement of the Trust (the "Amendment"). The Amendment extends the outside termination date of the Trust from February 15, 2027 to February 15, 2030, subject to the extension of such date by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") under certain circumstances.
As previously reported, during the quarter ended March 31, 2026, the Trust concluded that its liquidation activities would not be completed by February 15, 2027 due to a pending construction defect claim against one of its subsidiaries. In addition to the approval of the Amendment by the Board, the Trust is required to file a motion with the Bankruptcy Court to extend the termination date of the Trust beyond February 15, 2027. Accordingly, the Trust will file a motion with Bankruptcy Court to approve an extension of the termination date of the Trust to February 15, 2028, and expects that the Bankruptcy Court will grant the motion, as the extension is needed to permit the Trust the time needed to resolve the construction defect claim.
The information set forth above is qualified in its entirety by reference to the actual terms of the Amendment, which has been filed as Exhibit 3.1 hereto, and which is incorporated herein by reference.