KVP Corporate Backed Trust Securities Transaction to Be Terminated
15 May 2004 - 5:49AM
PR Newswire (US)
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
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