Attached files
| file | filename |
|---|---|
| 8-K - MS STRUCTURED SATURNS SERIES 2001-4 | sat8k2001-04_1116.htm |
EXHIBIT 99.1
Structured Asset Trust Unit Repackagings (SATURNS)
Series 2001-4 Trust
Receipt of Notice of Intent to Exercise Call Options in Part
CUSIP: 80409T204
Symbol: MJF
FOR IMMEDIATE RELEASE:
November 16, 2010
NEW YORK, NEW YORK – Structured Asset Trust Unit Repackagings (SATURNS), Cummins Engine Company Debenture-Backed Series 2001-4 (the “Trust”) (New York Stock Exchange Ticker Symbol “MJF”), announced today that it has received a notice of intent to exercise 1,500 Call Options representing the right to call $1,500,000 aggregate principal amount of the 5.65% Debentures of Cummins Engine Company (the “Bonds”) held by the Trust, on December 14, 2010 (the “Intended Settlement Date”). The Call Options with respect to which the notice of intended exercise has been received represent 14.52% of the outstanding Bonds held by the Trust. Under the terms of the Call Options, the party exercising the Call Options may rescind its notice of exercise at any time prior to the Intended Settlement Date by providing notice of rescission to the Trust, in which case settlement of such Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If the notice of exercise is not rescinded and settlement of the Call Options actually occurs on the Intended Settlement Date, the Trust Agreement provides that Units will be randomly selected for redemption at par ($25) plus accrued interest from the available proceeds of the settlement of the Call Options.
Contact:
Ariel Litvin
Trust & Fund Svcs Trans Mgr
Bank of America Merrill Lynch
Global Securities Solutions
IL4-540-18-04
540 W. Madison St.
Chicago, IL 60661
Email: ariel.litvin@bankofamerica.com
Phone: 312-992-5375
Fax: 312-453-5159