Business Context and Reporting Period
This Form 10-K is an annual report for the STRATS SM Trust For United States Cellular Corporation Securities, Series 2004-6, covering the fiscal year ended December 31, 2009. The Trust is a common law trust formed to hold notes issued by United States Cellular Corporation. It is administered by Synthetic Fixed-Income Securities, Inc. (the Depositor) and U.S. Bank Trust National Association (the Trustee). The Trust's assets consist solely of notes issued by United States Cellular Corporation. The STRATS SM Certificates, Series 2004-6, Class A-1, are listed on the New York Stock Exchange (NYSE).
Key Financial Metrics
The filing explicitly states that standard financial reporting items, including Selected Financial Data, Management's Discussion and Analysis, and Financial Statements, are Not Applicable pursuant to staff administrative positions for this type of trust. Consequently, the filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. Distribution reports detailing receipts and distributions are filed separately on Form 8-K.
Material Changes
The filing does not contain comparative financial data or a discussion of material changes versus the prior period. The registrant notes that it has no voting stock or common stock held by non-affiliates. No legal proceedings or unresolved staff comments were reported.
Guidance, Outlook, and Risks
Management commentary, guidance, and outlook sections are designated as Not Applicable. The filing includes a disclaimer that neither the Depositor nor the Trustee has verified the accuracy of reports filed by the underlying issuer, United States Cellular Corporation. Investors are directed to the issuer's periodic reports (Exchange Act file number 001-09712) for information regarding the underlying securities. Risk factors are also designated as Not Applicable.
Investor Verification Checklist
- Verify the status and creditworthiness of the underlying issuer, United States Cellular Corporation, as the Trust's assets consist solely of its notes.
- Review the Form 8-K distribution reports filed on June 25, 2009, and December 28, 2009, for specific receipt and distribution data not included in this 10-K.
- Confirm the current trading status of the STRATS SM Certificates, Series 2004-6, Class A-1 on the NYSE.
- Check for any subsequent events affecting United States Cellular Corporation that may impact the value of the underlying notes.