Woodbridge Liquidation Trust announced that On May 16, 2022, through certain of its wholly-owned subsidiaries, terminated the Loan and Security Agreement dated June 19, 2020, as amended, between such subsidiaries as borrowers or guarantor and City National Bank of Florida as lender. Neither the registrant nor any of its affiliates has any material relationship with the lender other than in respect of the agreement. The agreement set forth the terms of the Company's $25,000,000 revolving line of credit, and was terminated by the registrant in connection with the sale of its residential real property located at 642 St.

Cloud Road in Los Angeles, California, which was one of two properties that had served as collateral for the line of credit.