Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. on October 31, 2005, regarding the CorTS Trust for PECO Energy Capital Trust III. The filing serves as a notice of a distribution made to holders of the 8% Corporate-Backed Trust Securities (CorTS) Certificates (CUSIP: 22080R206) on the Distribution Date of October 31, 2005. The trust holds $27,500,000 in aggregate principal amount of PECO Energy Capital Trust III 7.38% Capital Trust Pass-Through Securities due April 6, 2028, referred to as the "Term Assets."
Key Financial Metrics
- Distribution per Certificate: $1.000000 per $25 Certificate.
- Principal Component: $0.000000.
- Interest Component: $1.000000.
- Aggregate Outstanding Certificates: 1,014,750 certificates representing a total principal balance of $25,368,750.
- Accrued Interest: $0.000000 aggregate interest due and not paid as of the Distribution Date.
- Trustee Fees: No fees were paid to the Trustee or any other party from the proceeds of the Term Assets.
Material Changes
The filing does not provide comparative financial data or material changes versus a prior period. It is a routine distribution notice for a specific reporting date.
Guidance, Outlook, and Risks
Management Commentary and Outlook: The filing contains no forward-looking guidance or management commentary regarding future performance. The current credit rating of the Term Assets is not provided in this report; holders are directed to contact Standard & Poor's or Moody's for rating information.
Risks and Contingencies: The registrant and trustee explicitly state they have not participated in the preparation of the issuer's periodic reports, nor have they verified the accuracy or completeness of such documents. There is no assurance that events affecting the issuer of the underlying securities have not occurred or have not been publicly disclosed which could impact the accuracy of available information.
Investor Verification Checklist
- Verify the current credit rating of the underlying PECO Energy Capital Trust III Term Assets by contacting Standard & Poor's or Moody's, as this data is absent from the filing.
- Confirm the status of the underlying issuer (PECO Energy) through its separate SEC filings, as the trustee has not verified the accuracy of the issuer's reports.
- Review the specific terms of the 8% CorTS Certificates to understand the distribution schedule and maturity conditions.