STRUCTURED OBLIGATIONS CORP: Trustee Change, BNY Mellon Out, US Bank In

TL;DR

**New trustee for Structured Obligations Corp, BNY Mellon out, US Bank in as of June 1st.**

AI Summary

STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-2 filed an 8-K to announce the resignation of The Bank of New York Mellon as the Trustee, effective June 1, 2024. U.S. Bank Trust Company, National Association has been appointed as the successor Trustee. This change is important for investors because the Trustee is responsible for protecting the bondholders' interests, and a smooth transition ensures the continued proper administration of the trust's obligations.

Why It Matters

The Trustee oversees the trust's assets and ensures bondholders are paid, so a change in this role is a key administrative event that needs to be disclosed.

Risk Assessment

Risk Level: low — This filing reports a routine administrative change of trustee, which typically carries minimal direct risk to the underlying securities.

Analyst Insight

Investors holding these notes should simply note the administrative change; no immediate action is typically required unless further issues arise, which is unlikely for a routine trustee change.

Key Players & Entities

• The Bank of New York Mellon (company) — resigning Trustee
• U.S. Bank Trust Company, National Association (company) — successor Trustee
• STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-2 (company) — the issuer of the notes
• June 1, 2024 (date) — effective date of trustee resignation and appointment

Forward-Looking Statements

• The transition of trustee responsibilities will proceed smoothly without disruption to the trust's operations. (STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-2) — high confidence, target: June 30, 2024

FAQ

Filing Documents

• sntlt2003-2_8k.htm (8-K) — 30KB
• 0001068238-25-000224.txt ( ) — 31KB

01 Other Events

Item 8.01 Other Events. This current report on Form 8-K relates to a distribution made to holders of the Certificates issued by the Select Notes Trust LT 2003-2. Each issuer of an underlying security, or guarantor thereof, or successor thereto, as applicable, which represents ten percent (10%) or more of the trust is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Periodic reports and other information required to be filed pursuant to the Exchange Act, by an issuer of an underlying security, or guarantor thereof, or successor thereto, as applicable, may be inspected and copied at the public reference facilities maintained by the Securities and Exchange Commission (the "Commission") at 450 Fifth Street, N.W., Washington, D.C. 20549. The Commission also maintains a site on the World Wide Web at "http://www.sec.gov" at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system. Neither Structured Obligations Corporation nor the trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Structured Obligations Corporation nor the trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting an issuer of an underlying security, or guarantor thereof, or successor thereto, as applicable, or an underlying security have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above. Section 9- Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (c) Exhibits: 1. Trustee's Report with respect to the November 17, 2025 Distribution Date for the Select Notes Trust LT 2003-2 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. By: /s/ James G. Millard ________________________________ Name: James G. Millard Title: President November 17, 2025 3 EXHIBIT INDEX Exhibit Page 1 Trustee's Report with respect to the November 17, 2025 Distribution Date for the Select Notes Trust LT 2003-2 5 4 Exhibit 1 To the Holders of: Select Notes Trust LT 2003-2 Long Term Certificates Series 2003-2 *CUSIP: 81619PAB3 U.S. Bank Trust Company, National Association, as Trustee for the Select Notes Trust LT 2003-2 (the "Trust"), hereby gives notice with respect to Interest Period commencing on the day after October 15, 2025, and including the November 15, 2025 Interest Distribution Date (the "Interest Period") in respect of the November 17, 2025 Interest Distribution Date (the "Interest Distribution Date") as follows: 1. The amount of interest received by the Trust during the Interest Period is as set forth below (each Certificateholder's pro rata portion of this amount is the amount to be included in such Certificateholder's Form 1099). $ 230,625.00 a. Per certificate held amount of interest income to be included in Form 1099 for the year ending December 31, 2025 is set forth below. $ 6.636691 2. The total of all interest distributed to Certificateholders during the Interest Period is set forth below. $ 168,083.00 3. Total amount of advances made to the Trustee on the Interest Distribution Date is $ 0.00 4. Total amount of advances repaid to the Advancing Party during the Interest Period is $ 50,042.00 5. The net total of repayments made during the Interest Period is $ 50,042.00 a. The net amount owed by the Trust to the Advancing Party on the Interest Distribution Date is set forth below. $ 403,085.00 6. The total amount of interest expense paid to the Advancing Party du

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