Update: KVP Corporate Backed Trust Securities Transaction to be Terminated

Share Name	Share Symbol	Market	Type
Strctd PR 6.25 Corts	NYSE:KVP	NYSE	Ordinary Share

Share Name

Share Symbol

Market

Type

Strctd PR 6.25 Corts

NYSE:KVP

NYSE

Ordinary Share

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

0.00

Update: KVP Corporate Backed Trust Securities Transaction to be Terminated

14/05/2004 11:32pm

PR Newswire (US)

Strctd PR 6.25 Corts (NYSE:KVP)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Strctd PR 6.25 Corts Charts.

Update: 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., 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. are to be liquidated. On May 14, 2004, U.S. Bank Trust National Association, as trustee, requested bids for the sale of the securities held by the trust. The sale of the securities is scheduled to settle on May 19, 2004. On May 19, 2004, U.S. Bank Trust National Association, as trustee, is scheduled to receive $108,247,166.34 as proceeds from the sale of the securities held by the trust, and holders of the Class A Certificates are expected to receive $25.40 per $25 certificate. The remaining proceeds will be distributed to holders of the Class B Certificates and the Call Warrants. Following the distribution, the trust established by Structured Products Corp. will terminate and the Class A Certificates, Class B Certificates and Call Warrants will be cancelled. 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. DATASOURCE: Corporate-Backed Trust Securities CONTACT: Marlene Fahey of U.S. Bank Trust National Association, +1-212-361-2510

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

KVP Strctd PR 6.25 Corts