U.S. Bank Trust National Association Announces Conditional Redemption of Corporate Backed Trust Certificates, Series 2001-12 Tr

Share Name	Share Symbol	Market	Type
CNX Resources Corp	TG:CGD	Tradegate	Ordinary Share

Share Name

Share Symbol

Market

Type

CNX Resources Corp

TG:CGD

Tradegate

Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	23.60	23.60	23.80				0.00	18:03:20

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

23.60

23.80

0.00

18:03:20

U.S. Bank Trust National Association Announces Conditional Redemption of Corporate Backed Trust Certificates, Series 2001-12 Tr

25/04/2006 2:32am

PR Newswire (US)

CNX Resources (TG:CGD)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more CNX Resources Charts.

NEW YORK, April 24 /PRNewswire/ -- U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of January 16, 2001, as supplemented by the Series Supplement dated as of April 3, 2001, as amended (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates Series 2001-12 Trust (the "Trust") with Lehman ABS Corporation, as depositor, received notice that the call warrant holder has exercised its right to purchase the assets of the Trust on April 27, 2006 (the "Redemption Date"). THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE. If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Redemption Date, then the certificates issued by the Trust (the "Certificates") will be redeemed in full on the Redemption Date at a price of $25 principal plus $0.064166667 accrued interest to the Redemption Date per Class A-1 Certificate and $123.635336284444 accrued interest to the Redemption Date per $1,000 notional amount Class A-2 Certificate. No interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest as if no exercise notice had been given and (ii) the call warrant holder may elect to deliver a conditional notice of exercise in the future. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional redemption, please contact David J. Kolibachuk of U.S. Bank Trust National Association at 212-361-2459. DATASOURCE: U.S. Bank Trust National Association CONTACT: David Kolibachuk, U.S. Bank Trust National Association, +1-212-361-2459

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

CGD CNX Resources Corp