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Merrill Lynch Preferred Capital Trust II, 8.00% TOPrS Preferred Securities
Ticker Symbol: MER-C* CUSIP: 59021C203 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/30/2007
Security has been Called for: Friday, March 30, 2007
February 28, 2007 -- Merrill Lynch & Co., Inc., as sponsor of Merrill Lynch Preferred Capital Trust II, announced today that Merrill Lynch Preferred Capital Trust II will redeem all of its outstanding 8% Trust Originated Preferred Securities on March 30, 2007. The Trust Preferred Securities are listed on the New York Stock Exchange and trade under the symbol MERPRC. Pursuant to the redemption provisions of the Amended and Restated Declaration of Trust, dated as of February 4, 1997, by and among Merrill Lynch & Co., Inc., as Sponsor, The Bank of New York (as successor to The Chase Manhattan Bank), as Property Trustee, Chase Bank USA, National Association (as successor to Chase Manhattan Bank Delaware), as Delaware Trustee and the Regular Trustees named therein (or the successors thereto), the Trust Preferred Securities will be redeemed at the redemption price of $25 per Trust Preferred Security plus accrued and unpaid distributions, if any, to but excluding the date of redemption. Normal quarterly distributions on the Trust Preferred Securities will be paid in the usual manner to the holders of record as of March 29, 2007 in the amount of $0.50 per Trust Preferred Security.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Preferred Capital Trust II, 8% Trust Originated Preferred Securities (TOPRS), liquidation amount $25, guaranteed by Merrill Lynch & Co. Inc. (NYSE: MER), redeemable at the issuer's option on or after 3/30/2007 at $25 per share plus accrued and unpaid dividends, with no scheduled maturity, distributions of 8% per annum are paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record one business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 6 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 8% Partnership Preferred Securities representing the limited partnership interests of Merrill Lynch Preferred Funding II L.P. which have no scheduled maturity date and which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (MER)
IPO - 2/6/1997 - 12.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $332.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 4 World Financial Center, North Tower, New York, NY 10080 |
| Main Phone Number |
212-449-1000 |
| Fax Number |
212-236-4384 |
| Investor Relations
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866-607-1234
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| Toll Free Phone Number |
800-637-7455 |
| CEO - John A. Thain |
CFO - Nelson Chai |
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