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 May 2, 2011. The trust holds $27,500,000 in aggregate principal amount of PECO Energy Capital Trust III 7.38% Capital Securities due April 6, 2028 (the "Term Assets").
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | May 2, 2011 |
| Outstanding Class A Certificates | 1,014,750 |
| Aggregate Certificate Principal Balance | $25,368,750 |
| Distribution per $25 Certificate (Interest) | $1.000000 |
| Distribution per $25 Certificate (Principal) | $0.000000 |
| Aggregate Interest Due and Unpaid | $0.000000 |
| Trustee Fees Paid from Term Assets | $0.00 |
The filing does not provide data on revenue, profit margins, cash flow, debt levels, or liquidity ratios for the underlying issuer or the trust itself, as this is a distribution notice rather than a comprehensive financial statement.
Material Changes
No material changes to the capital structure or outstanding principal balance were reported for this period. The distribution consisted entirely of interest payments with no principal repayment.
Guidance, Outlook, and Risks
- 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.
- Disclaimer: Structured Products Corp. and the Trustee explicitly state they have not participated in the preparation of the underlying issuer's reports, nor have they verified the accuracy or completeness of such documents.
- Contingencies: There is no assurance that events affecting the underlying issuer (PECO Energy Company) have not occurred that would impact the accuracy of publicly available documents.
Investor Verification Checklist
- Verify the current credit rating of PECO Energy Capital Trust III 7.38% Capital Securities due 2028 with rating agencies.
- Confirm the financial health and reporting status of the underlying issuer, PECO Energy Company (File No. 000-16844).
- Review the Trustee's Report (Exhibit 1) for any additional details on the distribution calculation.
- Check for any subsequent filings regarding the underlying securities that may affect the trust's assets.