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ML Depositor PreferredPlus 7.35% AT&T Corp. Certificates ATT-1
Ticker Symbol: XPP* CUSIP: 740434303 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/31/2006
Security has been Called for: Tuesday, January 31, 2006
From the Form 8-K filed with the SEC on 2/14/2006 -- On January 4, 2006, AT&T Corp. a Form 15 with the U.S. Securities and Exchange Commission with respect to its common stock and five series of its notes, including the 6.5% notes due 2029 which represent all of the underlying securities of PreferredPLUS Trust Certificates Series ATT-1. As a result, the Underlying Securities Issuer ceased to be required to file periodic reports under the U.S. Securities Exchange Act of 1934, as amended. On January 23, 2006, a Notice of Termination (as updated on January 6, 2006) was given pursuant to which the Trustee gave notice to the holders of the Trust Certificates and the holders of call warrants relating to the Trust Certificates that the PreferredPLUS Trust Series ATT-1 (the "Trust") would distribute the Underlying Securities on a pro rata basis and terminate the Trust on February 2, 2006 unless the holders of the call warrants elected to exercise their right to call the Trust Certificates prior to such date. On January 24, 2006, all of the outstanding call warrants relating to the Trust Certificates were exercised at an exercise price of US$26.40 per Trust Certificate plus accrued and unpaid distributions to January 31, 2006. On January 31, 2006 the Exercise Price was distributed to the holders of Trust Certificates called pursuant to the exercise of the call warrants. In addition, following the distribution of the Exercise Price and the consummation of the exercise of the call warrants, the Underlying Securities were distributed on January 31, 2006 to the holders of the Trust Certificates pursuant to Section 3.04(i) of the Standard Terms for Trust Agreements, dated as of February 20, 1998 between Merrill Lynch Depositor, Inc. and The Bank of New York, as successor Trustee, and Section 13 of the Series Supplement dated as of May 23, 2001 between the Depositor and the Trustee, and in accordance with the definition of Distribution Election under the Series Supplement.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Depositor Inc., PreferredPlus, 7.35% Trust Certificates, PreferredPlus Trust Series ATT-1, stated amount $25 per certificate, underlying securities are the 6.50% Debentures due 3/15/2029, issued by AT&T Corp., now part of AT&T Inc. (NYSE: T), redeemable on or after 9/15/2006 under the call warrants at $25 plus accrued and unpaid interest, distributions of 7.35% ($1.8375) per annum are paid semi-annually on 3/15 & 9/15 to holders of record on 3/1 & 9/1 respectively. Ratings of the certificates at the IPO are A by S&P and A2 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.
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Go to Parent Company's Record (T)
IPO - 5/22/2001 - 1.41 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $31.4 Million
Company's Online Information Links
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HOME PAGE:
http://www.ml.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 |
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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