MERRILL LYNCH PREFERRED FUNDING III LP - FORM 10-Q - EX-12 - EXHIBIT 12 - August 12, 2010

Attached files

file filename
10-Q - FORM 10-Q - MERRILL LYNCH PREFERRED FUNDING III LPc04867e10vq.htm
EX-32.1 - EXHIBIT 32.1 - MERRILL LYNCH PREFERRED FUNDING III LPc04867exv32w1.htm
EX-31.2 - EXHIBIT 31.2 - MERRILL LYNCH PREFERRED FUNDING III LPc04867exv31w2.htm
EX-32.2 - EXHIBIT 32.2 - MERRILL LYNCH PREFERRED FUNDING III LPc04867exv32w2.htm
EX-99.1 - EXHIBIT 99.1 - MERRILL LYNCH PREFERRED FUNDING III LPc04867exv99w1.htm
EX-31.1 - EXHIBIT 31.1 - MERRILL LYNCH PREFERRED FUNDING III LPc04867exv31w1.htm
EXHIBIT 12
MERRILL LYNCH PREFERRED CAPITAL TRUST III
MERRILL LYNCH PREFERRED FUNDING III, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED SECURITIES DISTRIBUTIONS (UNAUDITED)
(dollars in thousands)
                                 
    FOR THE THREE MONTHS ENDED     FOR THE THREE MONTHS ENDED  
    June 30, 2010     June 30, 2009  
    MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH  
    PREFERRED     PREFERRED     PREFERRED     PREFERRED  
    CAPITAL TRUST III     FUNDING III, L.P.     CAPITAL TRUST III     FUNDING III, L.P.  
 
                                
Earnings
   $ 13,531     $ 15,763     $ 13,531     $ 15,767  
 
                        
 
                                
Fixed charges
   $ —     $ —     $ —     $ —  
 
                                
Preferred securities distribution requirements
     13,125       13,531       13,125       13,531  
 
                        
 
                                
Total combined fixed charges and preferred securities distribution requirements
   $ 13,125     $ 13,531     $ 13,125     $ 13,531  
 
                        
 
                                
Ratio of earnings to combined fixed charges and preferred securities distribution requirements
     1.03       1.16       1.03       1.17  
                                 
    FOR THE SIX MONTHS ENDED     FOR THE SIX MONTHS ENDED  
    June 30, 2010     June 30, 2009  
    MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH  
    PREFERRED     PREFERRED     PREFERRED     PREFERRED  
    CAPITAL TRUST III     FUNDING III, L.P.     CAPITAL TRUST III     FUNDING III, L.P.  
 
                                
Earnings
   $ 27,062     $ 31,528     $ 27,062     $ 31,538  
 
                        
 
                                
Fixed charges
   $ —     $ —     $ —     $ —  
 
                                
Preferred securities distribution requirements
     26,250       27,062       26,250       27,062  
 
                        
 
                                
Total combined fixed charges and preferred securities distribution requirements
   $ 26,250     $ 27,062     $ 26,250     $ 27,062  
 
                        
 
                                
Ratio of earnings to combined fixed charges and preferred securities distribution requirements
     1.03       1.17       1.03       1.17  

 

 

MERRILL LYNCH PREFERRED FUNDING III LP Reports

Also read