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Corporate Asset Backed Corp., CABCO Trust 7.625% AOL Time Warner
Ticker Symbol: UYE* CUSIP: 126794AA4 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/20/2007
Security has been Called for: Tuesday, November 20, 2007
10/30/2007 -- A QOL User's broker has informed him that UYE has been called for 11/20/2007. We can find not information to confirm the call but assume that the information is correct.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Corporate Asset Backed Corp., CABCO Series 2002-1 Trust (AOL Time Warner Inc.), 7.625% Class A-1 Callable Certificates, principal amount $25 per trust certificate. The underlying securities are the AOL Time Warner, now Time Warner Inc. debentures due 5/1/2032, redeemable at the issuer's option on or after 6/21/2007 at $25 per share plus accrued and unpaid dividends, distributions of 7.625% ($1.90625) per year are paid semiannually on 5/1 & 11/1 to holders of record on the 15th calender day prior to each distribution date. The certificates are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. To be issued the certificates must be rated at least BBB+ by S&P and Baa1 by Moody's. For further information on the CABCO Trust Certificates, see the IPO Prospectus by clicking on the link provided below. Corporate Asset Backed Corp. is a subsidiary of UBS PaineWebber.
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Go to Parent Company's Record (TWX)
IPO - 6/18/2002 - 2.00 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $42.5 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: 1285 Avenue of the Americas, 11th Floor, New York, NY 10019 |
Main Phone Number |
212-713-2841 |
Fax Number |
Not Available |
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