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Bear Stearns Depositor TRUCs Certs 2001-2, 7.10% IBM Corp.
Ticker Symbol: TZF* CUSIP: 89826S202 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/01/2016
Security has been Called for: Monday, March 28, 2016
3/29/16 -- To the Holders of Trust Certificates (TRUCs), Series 2001-2 *CUSIP: 89826S202
In accordance with Section 4.03 of the Standard Terms for Trust Agreements dated as of June 19, 2001 as supplemented by the Series Supplement Trust Certificates (TRUCs) Series 2001-2 Trust dated as of July 10, 2001 between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, U.S. Bank Trust National Association, as Trustee of the Trust Certificates (TRUCs), Series 2001-2 Trust hereby gives notice with respect to the final full redemption distribution occurring on March 28, 2016 (the “Final Distribution Date”) as follows:
(i) the amount received by the Trustee from the exercising Call Warrant holders in respect of principal, interest and premium in connection with the exercise of their right to purchase the remaining $500,000 principal amount of the Underlying Securities on the Final Distribution Date is as follows:
Principal portion of Call Price received:
$
499,500.00
Premium:
$
0.00
Interest portion of Call Price received:
$
11,578.13
(ii) the amount of the distribution on the Final Distribution Date to holders of 19,980 TRUCs called for redemption allocable to principal of and premium, if any, and interest or dividends was as follows:
Class A-1
Principal:
$
499,500.00
Principal per $25 unit:
$
25.00
Premium:
$
0.00
Interest:
$
11,525.96
Interest per $25 unit:
$
0.576874875
Dividends:
$
0.00
Dividends Per $25 unit:
$
0.00
5/18/15 -- U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of June 19, 2001, between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement for the Trust Certificates (TRUCs) Series 2001-2 dated as of July 10, 2001 in respect of the Trust Certificates (TRUCs) Series 2001-2 Trust, received notice that certain Call Warrants holders have exercised their right to purchase $1,000,000 of the Underlying Securities of the Trust on June 15, 2015. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE CALL DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON JUNE 15, 2015. If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Call Date, then 39,959 of the 59,939 total outstanding Class A-1 Trust Certificates (TRUCs) Series 2001-2 selected by lot will be redeemed on June 15, 2015 at a price of $25.00 principal plus accrued interest of $0.069027753 per Certificate. The total payment on the Class A-1 Certificates selected for redemption will be $1,001,733.28, consisting of $998,975.00 principal plus $2,758.28 accrued interest. No interest will accrue on the Class A-1 Certificates selected for redemption after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Class A-1 Certificates selected for redemption will remain outstanding and will continue to accrue interest as if no exercise notice had been given and (ii) these and other Call Warrants Holders may elect to deliver notices of exercise in the future. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at (800) 934-6802. ____________ 1/15/10 - U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of June 19, 2001, between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement for the Trust Certificates (TRUCs) Series 2001-2 dated as of July 10, 2001 (the "Trust Agreement") in respect of the Trust Certificates (TRUCs) Series 2001-2 Trust (NYSE:TZF - News) (the "Trust"), received notice that certain Call Warrants holders have exercised their right to purchase $27,500,000 of the Underlying Securities of the Trust on February 16, 2010 (the "Call Date"). THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE CALL DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE. If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Call Date, then the Trustee will redeem 1,098,863 of the Class A-1 Certificates (selected by lot) on the Call Date at a price of $25 plus accrued interest of $0.369791666 per Certificate per Class A-1 Certificate and $28,416.65 principal amount of the uncertificated Class A-2 Certificate will be retired without payment. No interest will accrue on the Class A-1 Certificates selected for redemption after the Call Date. If the Trustee does not receive the call price by 10:00 a.m. (New York City time) on the Call Date, then (i) the Class A-1 Certificates selected for redemption will remain outstanding and continue to accrue interest as if no exercise notice had been given, (ii) $28,416.65 of the uncertificated Class A-2 Certificate selected for retirement will remain outstanding and (iii) these and other Call Warrants holders may elect to deliver notices of exercise in the future. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional redemption, please contact David J. Kolibachuk of U.S. Bank Trust National Association at 212-361-2459. ____________ Jul 3, 2007 -- U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of June 19, 2001, as supplemented by the Series Supplement for the Trust Certificates (TRUCs) Series 2001-2 dated as of July 10, 2001 (the "Trust Agreement") in respect of the Trust Certificates (TRUCs) Series 2001-2 Trust (the "Trust") with Bear Stearns Depositor Inc., as Depositor, received notice that a call warrant holder has exercised its right to purchase 19,979 of the 1,198,760 total outstanding Class A-1 Trust Certificates (TRUCs) Series 2001-2, (NYSE:TZF - News) (the "Class A-1 Certificates") on July 26, 2007 (the "Redemption Date") at the Call Price and effect an Optional Exchange for the related $500,000 face amount portion of the Underlying Securities.
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THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE.
If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Redemption Date, then the certificates issued by the Trust (the "Certificates") will be redeemed in part on the Redemption Date at a price of $25.00 principal plus $ 0.27118074 accrued interest per Class A-1 Certificate selected for redemption (the "Call Price"). No interest will accrue on the Certificates selected for redemption after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest as if no exercise notice had been given and (ii) the call warrant holder may elect to deliver a conditional notice of exercise in the future.
This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional redemption, please contact David J. Kolibachuk of U.S. Bank Trust National Association at 212-361-2459.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Bear Stearns Depositor Inc., 7.10% Trust Certificates (TRUCs), Series 2001-2, Class A-1, 7.10% Coupon, price to the public $25 per certificate. Underlying securities are the 7.125% Debentures due 12/01/2096 issued by International Business Machines Corp. (NYSE: IBM). The certificates pay 7.10% ($1.775) per annum distributions semiannually on 6/1 & 12/1 to holders of record on the day immediately preceding the payment date. Certificates are callable at the option of the call warrant holder on or after 7/10/2006 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were A+ by S&P and A1 by Moody's. For further information on the TRUCs Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (IBM)
IPO - 7/10/2001 - 1.20 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $30.7 Million
Company's Online Information Links
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HOME PAGE:
http://www.bearstearns.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 245 Park Avenue, New York, NY 10167 |
Main Phone Number |
212-272-2000 |
Fax Number |
212-272-4785 |
Investor Relations
Rebecca Hass
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212-272-8188
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Toll Free Phone Number |
888-473-3819 |
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