Structured Asset Trust Unit Repackagings (SATURNS) Series 2005-2 Trust Receipt of Notice of Intent to Exercise Warrants in Full
November 28 2012 - 3:00PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Aon Capital
Security Backed Series 2005-2 Trust (the “Trust”) (New York Stock
Exchange Ticker Symbol “HJO”), 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 25,000,000 Class A Units and the
equivalent Notional Amount of Class B Units for settlement on
November 30, 2012 (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be effectively rescinded, in which case settlement of the relevant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.
CUSIP: 03738Q204 (A Units) 03738QAA3 (B Units)
Symbol: HJO
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