Structured Asset Trust Unit Repackagings (SATURNS) Series 2003-13 Trust Receipt of Notice of Intent to Exercise Warrants in Full
September 29 2010 - 3:54PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Credit
Suisse First Boston (USA), Inc. Debenture Backed Series 2004-1
Trust (the “Trust”) (New York Stock Exchange Ticker Symbol “DKY”),
announced today that it has received a Call Notice notifying the
Trust of the intended exercise of 100% of the outstanding Warrants
representing the right to acquire a combined Unit Principal Balance
of 30,000,000 Class A Units and the equivalent Notional Amount of
Class B Units for settlement on October 14th, 2010 (the “Intended
Settlement Date”). Under the terms of the Warrants, delivery of the
notice does not give rise to an obligation on the part of the
Warrantholder to pay the specified call price; and if by 4 p.m. New
York time on the Business Day prior to the Intended Settlement Date
the party exercising the Warrants has not paid the required call
price, the Call Notice will be effectively rescinded, in which case
settlement of the relevant Warrants would not occur and the
Warrants would continue in effect and could be exercised on a
subsequent date. If settlement of the Warrants occurs pursuant to
the Call Notice on the Intended Settlement Date, then Class A
Unitholders will receive the par value plus accrued interest of
each Class A Unit and Class B Unitholders will receive accrued
interest plus the Class B Present Value Amount in relation to each
Class B Unit, each in an amount to be determined in accordance with
the Trust Agreement.
Morgan Stanley Str Csfb (NYSE:DKY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Morgan Stanley Str Csfb (NYSE:DKY)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about MS Structured Asset Corp Saturns Credit Suisse First Boston (Usa) Debenture Backed Series 2003-13 Class A Callable Units (New York Stock Exchange): 0 recent articles
More Structured Asset Trust Unit Repackagings (SATURNS) News Articles