Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
a) On
September 22, 2025, Seed Capital Investor purchased 40,000 Seed Shares in a transaction
exempt from registration under Section 4(a)(2) of the Securities Act of 1933 (the “Securities
Act”). Total proceeds to the Trust from the sale of the Seed Shares was $1,000,000.
The Seed Capital Investor acted as a statutory underwriter
in connection with the Seed Shares. On October 27, 2025, the Trust purchased $1,000,000
of LTC with the proceeds of the Seed Shares.
b) Not
applicable.
c) None.
Item
3. Defaults Upon Senior Securities.
None.
Item
4. Mine Safety Disclosures.
Not
applicable.
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