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EX-99.1 - PPLUS Trust Series EQ-1 | ppluseq18-kex991_0319.htm |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
__________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
_________________________
Date of Report (Date of earliest event reported): March 18, 2013
MERRILL LYNCH DEPOSITOR, INC.
(on behalf of PPLUS TRUST SERIES EQ-1)
(Exact name of registrant as specified in its charter)
Delaware
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001-33538
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13-3891329
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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One Bryant Park, 4th FL
New York, New York
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10036
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(Address of principal
executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (646) 855-6745
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 8 Other Events
Item 8.01 Other Events
PPLUS Trust Series EQ-1 Trust (the “Trust”) has liquidated its assets and terminated. A liquidation distribution of securities and cash was made with respect to the Certificate of the Trust on March 18, 2013. In accordance with the Allocation Ratio between the Class A Certificates and Class B Certificates, the Class A Certificates received 19,986,000 principal amount of Underlying Securities and $3,072,651.91 in cash in aggregate, and the Class B Certificates received 2,172,000 principal amount of Underlying Securities and $581.50 in cash in aggregate. Holders of the Certificates received their pro rata allocation of the aggregate consideration for the relevant class, except that in relation to any portion of their holdings of Certificates not evenly divisible by 50, holders of Class A Certificates received an all cash distribution due to required minimum denominations for transfer of Underlying Securities. The amount of the cash distribution is approximately $24.68 per Class A Certificate in relation to such remaining lots of 49 or fewer Class A Certificates, but varies based on the liquidation price obtained in relation to the bonds allocable to particular lots held by or through individual participants in DTC. A copy of the distribution calculation summary is attached as Exhibit 99.1 hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: March 19, 2013
MERRILL LYNCH DEPOSITOR, INC.
By: /s/ John Marciano
Name: John Marciano
Title: Vice President
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EXHIBIT INDEX
Exhibit 99.1 Distribution calculation summary.