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ML Depositor PreferredPlus 7.625% Verizon Global Certificates VER-1
Ticker Symbol: PJL*     CUSIP: 740434717     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 9/29/2014

Security has been Called for:  Monday, September 29, 2014

Aug. 29, 2014 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of July 24, 2002, between PreferredPLUS Trust Certificates Series VER-1 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, pursuant to Section 2.02(a)(i) of the Agreement, the Warrant Agent has received a notice of exercise from the holder of the warrants to purchase the outstanding aggregate amount of the Class A PreferredPLUS Trust Certificates Series VER-1. The date fixed for the exercise is September 29, 2014. On the Exercise Date, 1,000,000 of the Securities will become due and payable at an exercise price equal to $25.00 for each security being exercised plus accrued and unpaid interest up to, but excluding, the Exercise Date. From and after the Exercise Date, the Securities being exercised will cease to bear interest, and your only remaining right is to receive payment of the Exercise Price upon surrender of the Securities to the Warrant Agent. Please be advised that the Certificateholders, by their acceptance of Securities, covenanted and agreed to tender any and all Securities to the Warrant Agent upon the holder's exercise of Warrants and deposit of the Exercise Price with The Bank of New York Mellon, as Escrow Agent for such Securities in accordance with the applicable procedures in the Agreement. Your rights under the Standard Terms for Trust Agreements, dated February 20, 1998 and together with the Series Supplement, dated July 24, 2002, and the Securities are limited by the terms, provisions and conditions of the Trust Agreement and the Warrant Agreement with respect to the exercise of the Warrants by the holder. ____________ March 5, 2014 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of July 24, 2002, between PreferredPLUS Trust Certificates Series VER-1 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, pursuant to Section 2.02(a)(i) of the Agreement, the Warrant Agent has received a notice of exercise from the holder of the warrants to purchase part of the outstanding aggregate amount of the PreferredPLUS Trust Certificates Series VER-1. The date fixed for the exercise is April 4, 2014. On the Exercise Date, 1,200,000 of the Securities will become due and payable at an exercise price equal to $25.00 for each security being exercised plus accrued and unpaid interest up to, but excluding, the Exercise Date. From and after the Exercise Date, the Securities being exercised will cease to bear interest, and your only remaining right is to receive payment of the Exercise Price upon surrender of the Securities to the Warrant Agent. Please be advised that the Certificateholders, by their acceptance of Securities, covenanted and agreed to tender any and all Securities to the Warrant Agent upon the holder's exercise of Warrants and deposit of the Exercise Price with The Bank of New York Mellon, as Escrow Agent for such Securities in accordance with the applicable procedures in the Agreement. Your rights under the Standard Terms for Trust Agreements, dated February 20, 1998 and together with the Series Supplement, dated July 24, 2002, and the Securities are limited by the terms, provisions and conditions of the Trust Agreement and the Warrant Agreement with respect to the exercise of the Warrants by the holder. ____________ Feb. 7, 2013 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of July 24, 2002, between PPLUS Trust Certificates Series VER-1 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, pursuant to Section 2.02(i) of the Agreement, the Warrant Agent has received a notice of exercise from the holder of the warrants to purchase all of the outstanding aggregate amount of the PPLUS Trust Certificates Series VER-1. The date fixed for the exercise is March 7, 2013. On the Exercise Date, 800,000 of the Securities will become due and payable at an exercise price equal to $25.00 for each security being exercised plus accrued and unpaid interest up to, but excluding, the Exercise Date. From and after the Exercise Date, the Securities being exercised will cease to bear interest, and your only remaining right is to receive payment of the Exercise Price upon surrender of the Securities to the Warrant Agent. Please be advised that the Certificateholders, by their acceptance of Securities, covenanted and agreed to tender any and all Securities to the Warrant Agent upon the holder's exercise of Warrants and deposit of the Exercise Price with The Bank of New York Mellon, as Escrow Agent for such Securities in accordance with the applicable procedures in the Agreement. Your rights under the Standard Terms for Trust Agreements, dated February 20, 1998 and together with the Series Supplement, dated July 24, 2002, and the Securities are limited by the terms, provisions and conditions of the Trust Agreement and the Warrant Agreement with respect to the exercise of the Warrants by the holder.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Depositor Inc., PreferredPlus Class A, 7.625% Trust Certificates, PreferredPlus Trust Series VER-1, stated amount $25 per certificate, underlying securities are the 7.75% Notes due 12/01/2030, issued by Verizon Global Funding Corp. and supported by Verizon Communications Inc. (NYSE: VZ), redeemable on or after 6/01/2007 under the call warrants at $25 plus accrued and unpaid interest, distributions of 7.625% ($1.90625) per annum are paid semi-annually on 6/1 & 12/1 to holders of record on the business day immediately prior to the payment date. Distributions paid by third party trust preferred securities derived from corporate debt securities such as these securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders as the distributions are considered to be interest. Ratings of the certificates at the IPO are A+ by S&P and A1 by Moody’s. See the IPO prospectus for further information on the PreferredPlus Certificates and the call warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.63%
$1.90625
$25.00
$25.00
Called for
9/29/2014

12/01/2030
Baa1 BBB+
10/01/2014
6/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (VZ)

IPO - 7/29/2002 - 3.00 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Market Value $75.0 Million

Company's Online Information Links
HOME PAGE:     http://www.ml.com/

(This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Address and Phone Numbers
Address:   World Financial Center, North Tower, New York, NY 10281
Main Phone Number 212-449-1000
Fax Number Not Available

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