|
ML Depositor PPLUS Trust 7.00% DaimlerChrysler Certificates DCC-1
Ticker Symbol: PYD* CUSIP: 73941X858 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/27/2007
Security has been Called for: Wednesday, June 27, 2007
From the Form 8-K filed with the SEC on 7/10/2007 -- On May 31, 2007, we received a notice of exercise from the holder of the call warrants for PPLUS Trust Certificates Series DCC-1, which specified that the call warrant holder intended to exercise its warrants in full and call all outstanding trust certificates. On June 27, 2007, the exercise date of the call warrants, we received aggregate proceeds of $26,752,428.77 (representing, with respect to the Class A trust certificates, $25,000,000 with respect to the principal amount and $563,888,89 in accrued interest to the exercise date, and with respect to the Class B trust certificates, the $1,188,539.88 exercise price for the call warrants). We subsequently distributed, on June 27, 2007, to holders of the Class A and Class B trust certificates, the amounts stated above. On June 29, 2007, we received proceeds of $31,738,236.11 from the underlying securities issuer relating to the redemption in full of the underlying securities (representing a cash payment of $25,000,000 with respect to the principal amount of the underlying securities, a premium of $6,127,750.00 and accrued interest to the redemption date of $610,486.11). We received no prior notice of redemption from the underlying securities issuer. The redemption proceeds were subsequently distributed to the holder of the trust certificates (the former call warrant holder).
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Depositor Inc., PPLUS Class A, 7.00% Trust Certificates, PPLUS Trust Series DCC-1, stated amount $25 per certificate, underlying securities are the 7.45% Debentures due 3/01/2027, issued by DaimlerChrysler Corp. (NYSE: DCX), redeemable on or after 9/01/2008 under the call warrants at $25 plus accrued and unpaid interest, distributions of 7.00% ($1.75) per annum are paid semi-annually on 3/1 & 9/1 to holders of record on the business day immediately prior to the payment date. Distributions paid by these third party trust preferreds based on debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. Ratings of the certificates at the IPO are BBB+ by S&P and A3 by Moody’s. See the IPO prospectus for further information on the PPLUS Certificates and the call warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (DAI)
IPO - 8/6/2003 - 1.00 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $25.0 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 |
Address and Phone Numbers |
Address: World Financial Center, North Tower, New York, NY 10281 |
Main Phone Number |
212-449-1000 |
Fax Number |
Not Available |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|