Structured Asset Trust Unit Repackagings (SATURNS); Series 2006-2 Trust; Receipt of Notice of Intent to Exercise Warrants in ...
05 Março 2013 - 6:19PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Cummins
Engine Company Debenture Backed Series 2006-2 Trust (the “Trust”)
(New York Stock Exchange Ticker Symbol “HJT”), announced today that
it has received a Call Notice notifying the Trust of the intended
exercise of 100% of the outstanding Warrants representing the right
to acquire a combined Unit Principal Balance of $25,510,000 of
Units for settlement on March 20, 2013 (the “Intended Settlement
Date”). Under the terms of the Warrants, delivery of the notice
does not give rise to an obligation on the part of the
Warrantholder to pay the specified call price; and if by 4 p.m. New
York time on the Business Day prior to the Intended Settlement Date
the party exercising the Warrants has not paid the required call
price, the Call Notice will be effectively rescinded, in which case
settlement of the relevant Warrants would not occur and the
Warrants would continue in effect and could be exercised on a
subsequent date. If settlement of the Warrants occurs pursuant to
the Call Notice on the Intended Settlement Date, then all
outstanding Units will be called and Unitholders will receive the
par value ($25.00) plus accrued interest of each Unit in an amount
to be determined in accordance with the Trust Agreement.
CUSIP: 86360Y207Symbol: HJT
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