U.S. Bank National Association Announces Date for Termination of Corporate Backed Trust Certificates, Series 2001-16 Trust Class

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U.S. Bank National Association Announces Date for Termination of Corporate Backed Trust Certificates, Series 2001-16 Trust Class

07/02/2006 10:21pm

PR Newswire (US)

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NEW YORK, Feb. 7 /PRNewswire/ -- On February 6, 2006, Corporate Backed Trust Certificates, Series 2001-16 Trust, announced that the trust will be terminated in accordance with the terms of the trust agreement. The trustee received on February 6, 2006, a call notice from the holder of call warrants related to the Class A-1 Certificates and the Class A-2 Certificates exercising the right to purchase all of the outstanding certificates at their related call prices on February 13, 2006. As a consequence, the trust will be terminated on February 13, 2006 and, upon receipt of the call price, the Class A-1 Certificates and the Class A-2 Certificates will be redeemed in full. Holders of the Class A-1 Certificates will receive the full $25.00 par amount per Class A-1 Certificate plus any accrued interest thereon. Contact: David J. Kolibachuk U.S. Bank National Association 212-361-2459 DATASOURCE: U.S. Bank National Association CONTACT: David J. Kolibachuk of U.S. Bank National Association, +1-212-361-2459,

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