SLM Student Loan Trust 2011-2
12/08/2025 | Press release | Distributed by Public on 12/08/2025 08:58
Asset-Backed Issuer Distribution Report (Form 10-D)
SLM Student Loan Trust 2011-2
Monthly Servicing Report
Distribution Date 11/25/2025
Collection Period 10/01/2025 - 10/31/2025
Navient Funding, LLC - Depositor
Navient Solutions - Master Servicer and Administrator
Deutsche Bank National Trust Company - Indenture Trustee
Deutsche Bank Trust Company Americas - Eligible Lender Trustee
Navient Funding - Excess Distribution Certificateholder
|
Page 1 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
I.
|
Deal Parameters
|
|
A
|
Student Loan Portfolio Characteristics
|
05/26/2011 |
09/30/2025
|
10/31/2025
|
|||||||||
|
|
Principal Balance
|
$
|
752,435,249.40
|
$
|
115,274,753.81
|
$
|
114,151,642.22
|
||||||
|
|
Interest to be Capitalized Balance
|
8,054,313.32
|
865,675.19
|
904,067.54
|
|||||||||
|
|
Pool Balance
|
$
|
760,489,562.72
|
$
|
116,140,429.00
|
$
|
115,055,709.76
|
||||||
|
|
Capitalized Interest Account Balance
|
$
|
71,500,000.00
|
-
|
-
|
||||||||
|
|
Specified Reserve Account Balance
|
1,933,490.00
|
- N/A -
|
- N/A -
|
|||||||||
|
|
Adjusted Pool (1)
|
$
|
833,923,052.72
|
$
|
116,140,429.00
|
$
|
115,055,709.76
|
||||||
|
|
Weighted Average Coupon (WAC)
|
5.65%
|
|
5.87%
|
|
5.87%
|
|
||||||
|
|
Number of Loans
|
61,067
|
6,690
|
6,604
|
|||||||||
|
|
Aggregate Outstanding Principal Balance - Tbill
|
$
|
94,782.05
|
$
|
94,874.45
|
||||||||
|
|
Aggregate Outstanding Principal Balance - SOFR
|
$
|
116,045,646.95
|
$
|
114,960,835.31
|
||||||||
|
|
Pool Factor
|
0.150169420 |
0.148766880 |
||||||||||
|
|
Since Issued Constant Prepayment Rate
|
3.92%
|
|
3.88%
|
|
||||||||
| (1) |
The Specified Reserve Account balance is included in the Adjusted Pool until the Pool Balance is less than or equal to 40% of the original pool.
|
|
B
|
Debt Securities
|
Cusip/Isin
|
10/27/2025
|
11/25/2025
|
|||||||
|
A2
|
78446JAB2
|
$
|
60,140,429.00
|
$
|
59,102,962.46
|
||||||
|
B
|
78446JAC0
|
$
|
24,000,000.00
|
$
|
24,000,000.00
|
||||||
|
C
|
Account Balances
|
10/27/2025 | 11/25/2025 | ||||||
|
|
Reserve Account Balance
|
$
|
1,160,094.00 |
$
|
1,160,094.00 | ||||
|
|
Capitalized Interest Account Balance
|
-
|
-
|
||||||
|
|
Floor Income Rebate Account
|
$
|
34,985.35
|
$
|
56,819.23
|
||||
|
|
Supplemental Loan Purchase Account
|
-
|
-
|
||||||
|
D
|
Asset / Liability
|
10/27/2025 | 11/25/2025 | ||||||
|
|
Adjusted Pool Balance + Supplemental Loan Purchase
|
$
|
116,140,429.00
|
$
|
115,055,709.76
|
||||
|
|
Total Notes
|
$
|
84,140,429.00
|
$
|
83,102,962.46
|
||||
|
|
Difference
|
$
|
32,000,000.00
|
$
|
31,952,747.30
|
||||
|
|
Parity Ratio
|
1.38032 | 1.38450 | ||||||
|
Page 2 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
II.
|
Trust Activity 10/01/2025 through 10/31/2025 |
|
A
|
Student Loan Principal Receipts
|
||||
|
Borrower Principal
|
548,082.27
|
||||
|
Guarantor Principal
|
476,380.27
|
||||
|
Consolidation Activity Principal
|
257,920.19
|
||||
|
Seller Principal Reimbursement
|
-
|
||||
|
Servicer Principal Reimbursement
|
-
|
||||
|
Rejected Claim Repurchased Principal
|
-
|
||||
|
Other Principal Deposits
|
-
|
||||
|
Total Principal Receipts
|
$
|
1,282,382.73
|
|||
|
B
|
Student Loan Interest Receipts
|
||||
|
Borrower Interest
|
222,389.70 |
||||
|
Guarantor Interest
|
34,314.30
|
||||
|
Consolidation Activity Interest
|
5,648.28
|
||||
|
Special Allowance Payments
|
0.00
|
||||
|
Interest Subsidy Payments
|
0.00
|
||||
|
Seller Interest Reimbursement
|
0.00
|
||||
|
Servicer Interest Reimbursement
|
1,129.54
|
||||
|
Rejected Claim Repurchased Interest
|
0.00
|
||||
|
Other Interest Deposits
|
5,685.00
|
||||
|
Total Interest Receipts
|
$
|
269,166.82
|
|||
|
C
|
Reserves in Excess of Requirement
|
-
|
|||
|
D
|
Investment Income
|
$
|
10,574.37
|
||
|
E |
Funds Borrowed from Next Collection Period
|
-
|
|||
|
F |
Funds Repaid from Prior Collection Period
|
-
|
|||
|
G |
Loan Sale or Purchase Proceeds
|
-
|
|||
|
H |
Initial Deposits to Collection Account
|
-
|
|||
|
I |
Excess Transferred from Other Accounts
|
|
-
|
|
|
|
J
|
Other Deposits
|
-
|
|||
|
K |
Funds Released from Capitalized Interest Account
|
-
|
|||
|
L
|
Less: Funds Previously Remitted:
|
||||
|
Servicing Fees to Servicer
|
-
|
||||
|
Consolidation Loan Rebate Fees to Dept. of Education
|
$
|
(104,172.30)
|
|
||
|
Floor Income Rebate Fees to Dept. of Education
|
|
-
|
|
||
|
Funds Allocated to the Floor Income Rebate Account
|
$
|
(21,833.88)
|
|
||
|
M |
AVAILABLE FUNDS
|
$
|
1,436,117.74
|
||
|
N |
Non-Cash Principal Activity During Collection Period
|
$
|
(159,271.14)
|
|
|
|
O |
Non-Reimbursable Losses During Collection Period
|
$
|
11,074.17
|
||
|
P
|
Aggregate Purchased Amounts by the Depositor, Servicer or Seller
|
-
|
|||
|
Q |
Aggregate Loan Substitutions
|
-
|
|||
|
Page 3 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
III.
|
2011-2 Portfolio Characteristics
|
| 10/31/2025 |
|
|
09/30/2025 | ||||||||||||||||||||||||||||||
|
|
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
Wtd Avg
Coupon
|
# Loans
|
Principal
|
% of
Principal
|
||||||||||||||||||||||||
|
INTERIM:
|
DEFERMENT
|
6.44% |
|
221 |
$
|
5,096,673.72 |
4.465% |
|
6.31% |
|
223 |
$
|
5,181,761.80 |
4.495% |
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
REPAYMENT:
|
CURRENT
|
5.70%
|
|
5,370 |
$
|
81,488,278.59
|
71.386%
|
|
5.71%
|
|
5,426 |
$
|
82,392,584.30
|
71.475%
|
|
||||||||||||||||||
|
|
31-60 DAYS DELINQUENT
|
6.27%
|
|
134
|
$
|
3,988,160.14
|
3.494%
|
|
6.23%
|
|
155
|
$
|
3,963,908.17
|
3.439%
|
|
||||||||||||||||||
|
|
61-90 DAYS DELINQUENT
|
6.38%
|
|
97
|
$
|
2,371,508.13
|
2.078%
|
|
6.54%
|
|
102
|
$
|
2,449,467.10
|
2.125%
|
|
||||||||||||||||||
|
|
91-120 DAYS DELINQUENT
|
6.61%
|
|
48
|
$
|
1,341,917.50
|
1.176%
|
|
6.61%
|
|
48
|
$
|
1,803,273.32
|
1.564%
|
|
||||||||||||||||||
|
|
> 120 DAYS DELINQUENT
|
6.36%
|
|
197
|
$
|
4,912,663.78
|
4.304%
|
|
6.18%
|
|
214
|
$
|
4,728,442.03
|
4.102%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
|
FORBEARANCE
|
6.10%
|
|
499 |
$
|
13,892,815.59
|
12.170%
|
|
6.12%
|
|
472
|
$
|
13,475,893.00
|
11.690%
|
|
||||||||||||||||||
|
|
CLAIMS IN PROCESS
|
6.51%
|
|
38
|
$
|
1,059,624.77
|
0.928%
|
|
6.31%
|
|
50 |
$
|
1,279,424.09
|
1.110%
|
|
||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
TOTAL
|
|
6,604 |
$
|
114,151,642.22 |
100.00% |
|
6,690 |
$
|
115,274,753.81 |
100.00% |
|
||||||||||||||||||||||
* Percentages may not total 100% due to rounding
|
Page 4 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
IV.
|
2011-2 Portfolio Characteristics (cont'd)
|
| 10/31/2025 | 09/30/2025 | |||||||
|
Pool Balance
|
$
|
115,055,709.76 |
$
|
116,140,429.00 | ||||
|
Outstanding Borrower Accrued Interest
|
$
|
4,883,648.02
|
$
|
4,772,347.87
|
||||
|
Borrower Accrued Interest to be Capitalized
|
$
|
904,067.54
|
$
|
865,675.19
|
||||
|
Borrower Accrued Interest >30 Days Delinquent
|
$
|
524,152.55
|
$
|
546,380.55
|
||||
|
Total # Loans
|
6,604
|
6,690
|
||||||
|
Total # Borrowers
|
3,656
|
3,703
|
||||||
|
Weighted Average Coupon
|
5.87% |
|
5.87%
|
|
||||
|
Weighted Average Remaining Term
|
191.06
|
190.45 |
||||||
|
Non-Reimbursable Losses
|
$
|
11,074.17
|
$
|
8,352.14
|
||||
|
Cumulative Non-Reimbursable Losses
|
$
|
3,022,657.62
|
$
|
3,011,583.45
|
||||
|
Since Issued Constant Prepayment Rate (CPR)
|
3.88%
|
|
3.92%
|
|
||||
|
Loan Substitutions
|
-
|
-
|
||||||
|
Cumulative Loan Substitutions
|
-
|
-
|
||||||
|
Rejected Claim Repurchases
|
-
|
-
|
||||||
|
Cumulative Rejected Claim Repurchases
|
$
|
16,748.86 |
$
|
16,748.86
|
||||
|
Unpaid Primary Servicing Fees
|
-
|
-
|
||||||
|
Unpaid Administration Fees
|
-
|
-
|
||||||
|
Unpaid Carryover Servicing Fees
|
-
|
-
|
||||||
|
Note Principal Shortfall
|
$
|
47,252.70
|
|
-
|
||||
|
Note Interest Shortfall
|
-
|
-
|
||||||
|
Unpaid Interest Carryover
|
-
|
-
|
||||||
|
Non-Cash Principal Activity - Capitalized Interest
|
$
|
170,266.06
|
$
|
342,069.69
|
||||
|
Borrower Interest Accrued
|
$
|
542,785.95
|
$
|
529,786.36
|
||||
|
Interest Subsidy Payments Accrued
|
$
|
17,613.05
|
$
|
17,262.06
|
||||
|
Special Allowance Payments Accrued
|
$
|
133,473.76
|
$
|
138,829.48
|
||||
|
Page 5 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
V.
|
2011-2 Portfolio Statistics by School and Program
|
|
A
|
LOAN TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- GSL (1) - Subsidized
|
0.00%
|
|
0 |
-
|
0.000%
|
|
||||||||||
|
|
- GSL - Unsubsidized
|
0.00%
|
|
0 |
-
|
0.000%
|
|
||||||||||
|
|
- PLUS (2) Loans
|
0.00%
|
|
0 |
-
|
0.000%
|
|
||||||||||
|
|
- SLS (3) Loans
|
0.00%
|
|
0 |
-
|
0.000%
|
|
||||||||||
|
|
- Consolidation Loans
|
5.87%
|
|
6,604
|
114,151,642.22
|
100.000%
|
|
||||||||||
|
|
Total
|
5.87%
|
|
6,604
|
$
|
114,151,642.22
|
100.000%
|
|
|||||||||
|
B
|
SCHOOL TYPE
|
Weighted
Average Coupon
|
# LOANS
|
$ AMOUNT
|
%*
|
|
|||||||||||
|
|
- Four Year
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Two Year
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Technical
|
0.00%
|
|
0
|
-
|
0.000%
|
|
||||||||||
|
|
- Other
|
5.87%
|
|
6,604
|
114,151,642.22
|
100.000%
|
|
||||||||||
|
|
Total
|
5.87%
|
|
6,604
|
$
|
114,151,642.22
|
100.000%
|
|
|||||||||
*Percentages may not total 100% due to rounding.
| (1) |
Guaranteed Stafford Loan
|
| (2) |
Parent Loans for Undergraduate Students
|
| (3) |
Supplemental Loans to Students. The Unsubsidized Stafford Loan program replaced the SLS program on July 1, 1994.
|
|
Page 6 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
VI.
|
2011-2 Waterfall for Distributions
|
|
|
|
Paid
|
Remaining
Funds Balance
|
||||||
|
Total Available Funds
|
$
|
1,436,117.74 |
|||||||
|
A |
Trustee Fees
|
- |
$
|
1,436,117.74 |
|||||
|
B |
Primary Servicing Fee
|
$
|
25,180.40 |
$
|
1,410,937.34 |
||||
|
C |
Administration Fee
|
$
|
6,667.00 |
$
|
1,404,270.34 |
||||
|
D |
Class A Noteholders' Interest Distribution Amount
|
$
|
266,323.25 |
$
|
1,137,947.09 |
||||
|
E |
Class B Noteholders' Interest Distribution Amount
|
$
|
100,480.55 |
$
|
1,037,466.54 |
||||
|
F |
Reserve Account Reinstatement
|
- |
$
|
1,037,466.54 |
|||||
|
G |
Class A Noteholders' Principal Distribution Amount
|
$
|
1,037,466.54 |
|
- |
||||
|
H |
Class B Noteholders' Principal Distribution Amount
|
- |
|
- |
|||||
|
I |
Unpaid Expenses of The Trustees
|
- |
|
- |
|||||
|
J |
Carryover Servicing Fee
|
- |
|
- |
|||||
|
K |
Remaining Amounts to the Noteholders after the first auction date
|
- |
|
- |
|||||
|
L |
To the Lender under the Loan Agreement in repayment of the unpaid principal amount of the L
|
|
- |
|
-
|
||||
|
M |
Excess Distribution Certificateholder
|
|
|
- |
|
|
|
- |
|
|
Waterfall Triggers
|
||||||
| A |
Student Loan Principal Outstanding
|
$
|
114,151,642.22 |
|||
| B |
Interest to be Capitalized
|
$
|
904,067.54
|
|||
| C |
Capitalized Interest Account Balance
|
-
|
||||
| D |
Reserve Account Balance (after any reinstatement)
|
$
|
1,160,094.00
|
|||
| E |
Less: Specified Reserve Account Balance
|
$
|
(1,160,094.00)
|
|
||
| F |
Total
|
$
|
115,055,709.76
|
|||
| G |
Class A Notes Outstanding (after application of available funds)
|
$
|
59,102,962.46
|
|||
| H |
Insolvency Event or Event of Default Under Indenture
|
N | ||||
| I |
Available Funds Applied to Class A Noteholders' Distribution Amount Before Any Amounts are Applied to the Class B Noteholders' Distribution Amount (G>F or H=Y)
|
N | ||||
|
Page 7 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
VII.
|
2011-2 Distributions
|
Distribution Amounts
|
A2
|
B |
|||||||
|
Cusip/Isin
|
78446JAB2
|
78446JAC0
|
||||||
|
Beginning Balance
|
$
|
60,140,429.00
|
$
|
24,000,000.00
|
||||
|
Index
|
SOFR
|
SOFR
|
||||||
|
Spread/Fixed Rate
|
1.20%
|
|
0.90%
|
|
||||
|
Record Date (Days Prior to Distribution)
|
1 NEW YORK BUSINESS DAY
|
1 NEW YORK BUSINESS DAY
|
||||||
|
Accrual Period Begin
|
10/27/2025
|
10/27/2025
|
||||||
|
Accrual Period End
|
11/25/2025
|
11/25/2025
|
||||||
|
Daycount Fraction
|
0.08055556 | 0.08055556 | ||||||
|
Interest Rate*
|
5.49727% |
|
5.19727% |
|
||||
|
Accrued Interest Factor
|
0.004428356 | 0.004186690 | ||||||
|
Current Interest Due
|
$
|
266,323.25 |
$
|
100,480.55 | ||||
|
Interest Shortfall from Prior Period Plus Accrued Interest
|
-
|
-
|
||||||
|
Total Interest Due
|
$
|
266,323.25 |
$
|
100,480.55 | ||||
|
Interest Paid
|
$
|
266,323.25 |
$
|
100,480.55 | ||||
|
Interest Shortfall
|
-
|
-
|
||||||
|
Principal Paid
|
$
|
1,037,466.54 |
|
-
|
||||
|
Ending Principal Balance
|
$ | 59,102,962.46 |
$
|
24,000,000.00
|
||||
|
Paydown Factor
|
0.005928380 |
0.000000000
|
||||||
|
Ending Balance Factor
|
0.337731214 |
1.000000000
|
||||||
* Pay rates for Current Distribution. For the interest rates applicable to the next distribution date, please see https://images.navient.com/investors/data/abrate.txt.
|
Page 8 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
VIII.
|
2011-2 Reconciliations
|
|
A
|
Principal Distribution Reconciliation
|
||||
|
|
Notes Outstanding Principal Balance
|
$
|
84,140,429.00
|
||
|
|
Adjusted Pool Balance
|
$
|
115,055,709.76
|
||
|
|
Overcollateralization Amount
|
$
|
32,000,000.00
|
||
|
|
Principal Distribution Amount
|
$
|
1,084,719.24
|
||
|
|
Principal Distribution Amount Paid
|
$
|
1,037,466.54
|
||
|
|
|||||
|
B
|
Reserve Account Reconciliation
|
||||
|
|
Beginning Period Balance
|
$
|
1,160,094.00
|
||
|
|
Reserve Funds Utilized
|
0.00
|
|||
|
|
Reserve Funds Reinstated
|
0.00
|
|||
|
|
Balance Available
|
$
|
1,160,094.00
|
||
|
|
Required Reserve Acct Balance
|
$
|
1,160,094.00
|
||
|
|
Release to Collection Account
|
- | |||
|
|
Ending Reserve Account Balance
|
$
|
1,160,094.00
|
||
|
|
|||||
|
C
|
Capitalized Interest Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
- |
|||
|
|
|||||
|
D
|
Floor Income Rebate Account
|
||||
|
|
Beginning Period Balance
|
$
|
34,985.35
|
||
|
|
Deposits for the Period
|
$
|
21,833.88
|
||
|
|
Release to Collection Account
|
|
- |
|
|
|
|
Ending Balance
|
$
|
56,819.23
|
||
|
|
|||||
|
E
|
Supplemental Purchase Account
|
||||
|
|
Beginning Period Balance
|
-
|
|||
|
|
Supplemental Loan Purchases
|
-
|
|||
|
|
Transfers to Collection Account
|
-
|
|||
|
|
Ending Balance
|
- |
|||
|
Page 9 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
|
IX.
|
2011-2 Other Characteristics
|
Principal Balance of All Loans
|
Deferment
|
Forbearance
|
Repayment
|
Grand Total
|
|||||||||||||
|
Subsidized Consolidation Loans
|
$
|
2,167,294.03
|
$
|
6,122,425.89
|
$
|
40,704,394.97
|
$
|
48,994,114.89
|
||||||||
|
Unsubsidized Consolidation Loans
|
$
|
3,286,951.50
|
$
|
8,650,569.16
|
$
|
54,124,074.21
|
$
|
66,061,594.87
|
||||||||
|
Total
|
$
|
5,454,245.53
|
$
|
14,772,995.05
|
$
|
94,828,469.18
|
$
|
115,055,709.76
|
||||||||
Weighted Average Remaining Term of All Loans
|
Deferment
|
Forbearance
|
Repayment
|
Grand Total
|
|||||||||||||
|
Subsidized Consolidation Loans
|
221 |
232 |
167 |
178 |
||||||||||||
|
Unsubsidized Consolidation Loans
|
270
|
253
|
189
|
201 | ||||||||||||
|
Total
|
250
|
244
|
179
|
191
|
||||||||||||
Weighted Average Coupon of All Loans
|
Deferment
|
Forbearance
|
Repayment
|
Grand Total
|
|||||||||||||
|
Subsidized Consolidation Loans
|
6.290%
|
|
6.097%
|
|
5.737%
|
|
5.806%
|
|
||||||||
|
Unsubsidized Consolidation Loans
|
6.543%
|
|
6.156%
|
|
5.832%
|
|
5.909%
|
|
||||||||
|
Total
|
6.443%
|
|
6.132%
|
|
5.791%
|
|
5.866%
|
|
||||||||
Weighted Average SAP Margin of All SOFR Based Loans
|
Deferment
|
Forbearance
|
Repayment
|
Grand Total
|
|||||||||||||
|
Subsidized Consolidation Loans
|
2.294%
|
|
2.353%
|
|
2.412%
|
|
2.400%
|
|
||||||||
|
Unsubsidized Consolidation Loans
|
2.287%
|
|
2.300%
|
|
2.381%
|
|
2.366%
|
|
||||||||
|
Total
|
2.290%
|
|
2.322%
|
|
2.395%
|
|
2.380%
|
|
||||||||
Weighted Average SAP Margin of All T-Bill Based Loans
|
Forbearance
|
Repayment
|
Grand Total
|
||||||||||
|
Subsidized Consolidation Loans
|
3.100%
|
|
3.100%
|
|
3.100%
|
|
||||||
|
Unsubsidized Consolidation Loans
|
3.100%
|
|
3.100%
|
|
3.100%
|
|
||||||
|
Total
|
3.100%
|
|
3.100%
|
|
3.100%
|
|
||||||
|
Page 10 of 10
|
Trust 2011-2 Monthly Servicing Report: Collection Period 10/01/2025 - 10/31/2025, Distribution Date 11/25/2025 |
SLM Student Loan Trust 2011-2 published this content on December 08, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 08, 2025 at 14:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]