Business Context and Reporting Period
This Form 8-K is a current report filed by Target Corporation on August 18, 2009. The filing pertains to regulatory disclosures regarding the Target Credit Card Owner Trust 2005-1, specifically involving the company's wholly-owned subsidiaries, Target Receivables Corporation and Target National Bank.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report serves as a procedural delivery of monthly reports rather than a financial statement containing performance metrics.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing documents the routine delivery of monthly reports for the Floating Rate Class A Asset Backed Notes, Series 2005-1, and the Subordinated Interests, Series 2005-1, for the period ended August 1, 2009.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It strictly fulfills Regulation FD disclosure requirements by furnishing specific monthly certificates and statements as exhibits.
Important Facts for Investors
- The filing confirms the delivery of monthly reports for the Target Credit Card Owner Trust 2005-1 to the Trustee.
- Three specific exhibits were furnished electronically: the Monthly Servicer's Certificate, the Monthly Collateral Certificateholders' Statement, and the Monthly Administrator's Statement.
- All referenced reports cover the monthly period ended August 1, 2009.
- The report was signed by Terrence J. Scully, President of Target Financial Services.