Business Context and Reporting Period
Company: Target Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: March 20, 2009
Reporting Period: Monthly period ended February 28, 2009
Context: This filing serves as a Regulation FD disclosure regarding the delivery of monthly reports for the Floating Rate Class A Asset Backed Notes, Series 2005-1, and Subordinated Interests, Series 2005-1, issued by the Target Credit Card Owner Trust 2005-1.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document is a procedural report confirming the delivery of monthly certificates and statements related to a specific asset-backed securities trust rather than a comprehensive financial statement.
Material Changes
No material changes to financial performance or operations are disclosed in this filing. The report confirms the routine delivery of required monthly documentation for the February 2009 period to the Trustee.
Guidance, Outlook, and Risks
Management Commentary: None provided in this filing.
Guidance/Outlook: Not applicable.
Risks/Contingencies: The filing does not discuss specific risks or contingencies beyond the standard obligation to report on the asset-backed notes.
Important Facts for Investors to Verify
- The filing confirms the delivery of three specific exhibits for the period ended February 28, 2009: the Monthly Servicer's Certificate, the Monthly Collateral Certificateholders' Statement, and the Monthly Administrator's Statement.
- These documents relate specifically to the Target Credit Card Owner Trust 2005-1 and its Series 2005-1 notes.
- Investors should review the attached exhibits (20.1, 20.2, 20.3) for detailed data on the collateral and servicing of the asset-backed notes, as the summary text contains no numerical data.