Strctd PR 6.25 Corts (NYSE:KVP)
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KVP Corporate Backed Trust Securities Transaction to Be
Terminated
NEW YORK, May 14 /PRNewswire-FirstCall/ -- Corporate Backed Trust Securities
(CorTS(R)) Class A Certificates, CorTS(R) Trust for GE Global Insurance Notes,
CUSIP 12617F205 and New York Stock Exchange symbol KVP, which has been
established by Structured Products Corp., today announced that, because GE
Global Insurance Holding Corporation elected to suspend its duty to file
periodic reports under certain sections of the Securities Exchange Act of 1934,
the securities held by the trust established by Structured Products Corp. will
be liquidated and the proceeds will be distributed in accordance with the terms
of the related trust agreement. Following the distribution, the trust
established by Structured Products Corp. will terminate. The trust has issued
Class A Certificates relating in the aggregate to $103,525,000 principal amount
of 7.00% Notes due February 15, 2026 issued by GE Global Insurance Holding
Corporation. The transfer books relating to the trust certificates will be
closed permanently at the time of this press release.
Pursuant to a Securities and Exchange Commission Form 15 dated April 15, 2004,
GE Global Insurance Holding Corporation elected to suspend its duty to file
periodic reports under certain sections of the Securities Exchange Act of 1934.
DATASOURCE: Corporate Backed Trust Securities
CONTACT: Marlene Fahey, U.S. Bank Trust National Association,
+1-212-361-2510