Deutsche Bank Contingent... (NYSE:DKT)
Historical Stock Chart
From May 2019 to May 2024
Structured Asset Trust Unit Repackagings (SATURNS), Altria Group Inc.
Debenture Backed 2003-9 Trust (the “Trust”)
(New York Stock Exchange Ticker Symbol “DKT”),
announced today that a potential “Trust Wind
Up Event” has occurred under the terms of the
Trust Agreement governing the Trust. The Trust will deliver to the
underlying security issuer all underlying securities selected for
redemption in connection with the tender offer by the underlying
security issuer dated January 31, 2008 (the “Tender
Offer”). If all underlying securities held by
the Trust are so selected and redeemed, the Trust will terminate. In
connection with the Tender Offer, on February 7, 2008, the Call Options
holder for the SATURNS 2003-9 Trust (the “Trust”)
notified the Trust of its intent to exercise its Call Options
representing its right to call all of the Underlying Securities owned by
the Trust.
To the extent any Underlying Securities held by the Trust are redeemed
in connection with the Tender Offer, upon settlement of the Call Options
on or about March 5, 2008, Unitholders of Units randomly selected in
proportion to the underlying securities that are redeemed, will receive
(i) for each Class A Unit, the par value plus accrued interest plus
$1.50 and (ii) for each Class B Unit, accrued interest outstanding and
the present value of all future interest payments on that unit that
would have been payable had there been no call, redemption or other
early termination.
To the extent any Underlying Securities held by the Trust are not
redeemed in connection with the Tender Offer, the exercise of the Call
Option on such Units shall be deemed to have not occurred and such
Underlying Securities will be returned to the Trust. Unitholders of any
Units returned to the Trust shall retain all of their rights to payment
under the Trust Agreement with respect to such Units and the holders of
the Call Options on such returned Units shall retain all of their call
rights under the Trust Agreement with respect to such Units.
CUSIP: 804104206
Symbol: DKT