STRATS GJR trust exchanges $3.7 million of certificates for Procter & Gamble notes
The STRATS trust for Procter & Gamble notes disclosed that on September 5, 2006, certificates with a $3,725,000 stated amount were exchanged for an equal principal amount of Procter & Gamble 5.800% Notes due 2034. After the exchange, the trust holds $29,275,000 of those notes, backing 1,171,000 outstanding certificates. This is an administrative change in the trust's holdings and does not reflect any change in Procter & Gamble's operations or financial results.
- Exchange date: September 5, 2006
- Certificates surrendered: 149,000 with aggregate stated amount of $3,725,000
- Notes received: Procter & Gamble 5.800% Notes due August 15, 2034, principal of $3,725,000
- After exchange: trust holds $29,275,000 of the notes; 1,171,000 certificates outstanding