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 April 30, 2025. 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 | April 30, 2025 |
| 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 prior period metrics to assess material changes in revenue, profit, or cash flow. The document serves strictly as a notice of the scheduled quarterly distribution.
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 underlying issuer's reports, nor have they verified the accuracy or completeness of such documents.
- Contingencies: There is no assurance that events affecting PECO Energy Company have not occurred which would impact the accuracy of publicly available documents.
Key Facts for Investor Verification
- Verify the current credit rating of PECO Energy Company's 7.38% Capital Securities due 2028, as it is not included in this filing.
- Confirm the calculation of the $1.000000 interest distribution per $25 Certificate against the 8% coupon rate of the Class A Certificates.
- Review PECO Energy Company's latest periodic filings (File No. 000-16844) for any undisclosed events affecting the underlying securities.
- Note that the Trustee has paid no fees from the Term Asset proceeds for this period.