- Equity Commonwealth (EQC, Financial) has dissolved and transferred its assets and liabilities to the EQC Liquidating Trust as per the Plan of Sale.
- Shareholders received units in the EQC Liquidating Trust, replacing their common shares.
- The units are non-transferable and not publicly traded, with nominal future distributions expected.
Equity Commonwealth (EQC) announced the completion of its dissolution by transferring its remaining assets and liabilities to the EQC Liquidating Trust. This action follows the Plan of Sale approved by shareholders on November 12, 2024. Effective June 13, 2025, all of EQC's common shares were canceled as the new Maryland common law trust took over the company's assets for the benefit of shareholders.
Under this arrangement, common shareholders received one non-transferable unit in EQC Liquidating Trust for each share they previously held. These units are not listed on any exchange, nor are they tradeable in public or private transactions, with any future distributions expected to be nominal.
The EQC Liquidating Trust, managed by Equity Commonwealth Management LLC, a subsidiary of the trust, aims to liquidate the company's assets, settle any liabilities, and distribute net proceeds to unit holders. The trust will be overseen by five trustees, including the company's four named executive officers and the Lead Independent Trustee.
For shareholders' tax purposes, the U.S. federal income tax implications of this transfer are detailed in the company's definitive proxy statement filed on October 2, 2024. Additional tax information is expected to be available on EQC's website through Form 8937 at a later date.
Before its dissolution, Equity Commonwealth operated as a Chicago-based, self-advised Maryland real estate investment trust trading under the ticker EQC. This transition marks the final chapter in its strategic plan to wind down and distribute its remaining value to shareholders.
