Business Context and Reporting Period
This Form 8-K filing by Structured Products Corp. on behalf of the CorTS Trust for PECO Energy Capital Trust III reports a distribution event for the period ending October 31, 2019. The Trust holds 7.38% Capital Securities due April 6, 2028, issued by PECO Energy Company (the "Term Assets").
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | October 31, 2019 |
| Class A Distribution (Principal) | $0.000000 per $25 Certificate |
| Class A Distribution (Interest) | $1.000000 per $25 Certificate |
| Total Distribution | $1.000000 per $25 Certificate |
| Aggregate Term Assets Held | $27,500,000 |
| Outstanding Class A Certificates | 1,014,750 |
| Aggregate Certificate Principal Balance | $25,368,750 |
| Unpaid Interest | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing does not provide comparative financial data or year-over-year analysis. It serves strictly as a notice of the scheduled quarterly distribution payment. No material changes to the capital structure or asset composition are reported in this document.
Outlook, Risks, and Contingencies
- Rating Information: The current credit rating of the Term Assets is not provided in this report. Investors are directed to contact Standard & Poor's or Moody's for current ratings.
- Due Diligence Disclaimer: Structured Products Corp. and the Trustee explicitly state they have not participated in the preparation of the issuer's reports, nor have they verified the accuracy or completeness of the underlying issuer's information.
- Contingencies: There is no assurance that events affecting the issuer (PECO Energy Company) have not occurred which might affect the accuracy of publicly available documents.
Investor Verification Checklist
- Verify the current credit rating of PECO Energy Company's 7.38% Capital Securities due 2028 with rating agencies.
- Confirm the receipt of the $1.00 per $25 Certificate distribution payment.
- Review PECO Energy Company's periodic filings (Form 10-K/10-Q) for any undisclosed events affecting the underlying assets.
- Validate the outstanding principal balance of $25,368,750 against personal account statements.