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8-K - FORM 8-K - CABCO TRUST FOR J.C. PENNEY DEBENTURES | c13709e8vk.htm |
EXHIBIT NO. 99.1
TRUSTEE’S DISTRIBUTION REPORT
To the Holders of:
CABCO Trust for J.C. Penney
Debentures (the “Trust”) Trust Certificates, CUSIP: 126797 20 8
(the “Certificates”).
U.S. Bank National Association, as successor trustee (the “Trustee”) for the Trust hereby gives notice with respect to the distribution occurring on March 1, 2011 (the “Distribution Date”) as follows:
1. |
The aggregate amount of the distribution
payable to the certificate holders on the Distribution Date allocable to
principal and premium, if any, and interest expressed as a dollar amount, is as
set forth below:
|
Principal
|
Interest | Premium | Total Distribution | |||||||||
$0.00
|
$ | 2,007,281.25 | $ | 0.00 | $ | 2,007,281.25 |
2. |
The applicable interest rate: 7 5/8% per
annum.
|
3. |
The amount of aggregate interest due and not
paid on the Certificates as of the Distribution Date is $0.00.
|
4. |
The aggregate stated principal amount of J.C.
Penney Company, Inc. 7 5/8% Debentures due March 1, 2097 (the
“Underlying Securities”) as of such Distribution Date was
$52,650,000.00. The interest rate applicable to the Underlying Securities for
the immediately following Underlying Securities interest accrual period is 7
5/8% per annum.
|
5. |
The amount received by the Trustee in respect
of the Underlying Securities during the immediately preceding Underlying
Securities interest accrual period was $2,007,281.25.
|
6. |
The aggregate certificate principal balance of
the Certificates was $52,650,000.00 at the close of business on the business
day immediately preceding the Distribution Date.
|
7. |
The current ratings of the Underlying
Securities are not provided in this report. Ratings can be obtained from
Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., by calling 212-438-2400 and from Moody’s Investors
Service, Inc. by calling 212-553-0377.
|
8. |
No fees have been paid to the Trustee from the
assets of the Trust.
|
U.S. BANK NATIONAL
ASSOCIATION, as Trustee of
CABCO Trust for J.C. Penney Debentures
By: /s/ David
J.
Kolibachuk
Name:
David J. Kolibachuk
Title: Vice President