SEC Filing Summary: STRATS SM TRUST FOR U S CELL CORP SEC SERIES 2004 6
Business Context and Reporting Period
This Form 10-K covers the fiscal year ended December 31, 2006. The registrant is the STRATS(SM) Trust For United States Cellular Corporation Securities, Series 2004-6, a common law trust formed on September 26, 2003. The Trust is a passive vehicle whose assets consist solely of notes issued by United States Cellular Corporation. The Depositor is Synthetic Fixed-Income Securities, Inc., and the Trustee is U.S. Bank Trust National Association. The Class A-1 Certificates 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 Corporate Asset Backed Corporations. Consequently, the text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The Trust has no voting stock or common equity held by non-affiliates. Financial performance is derived entirely from the underlying United States Cellular Corporation notes.
Material Changes
The filing does not contain comparative financial data or a discussion of material changes versus prior periods. Information regarding the Trust's receipts and distributions is provided via separate Form 8-K distribution reports filed on June 20, 2006, and December 22, 2006, which are incorporated by reference but not detailed in this text.
Guidance, Outlook, and Risks
- Guidance and Outlook: Not applicable. The Trust does not provide forward-looking guidance.
- Risk Factors: Not applicable per the filing format, though the text notes that events affecting the underlying issuer (United States Cellular Corporation) could impact the Trust.
- Contingencies: No legal proceedings or unresolved staff comments are reported.
- Unusual Items: The filing notes that neither the Depositor nor the Trustee has verified the accuracy of the underlying issuer's reports, and there can be no assurance that undisclosed events have not occurred affecting the underlying securities.
Investor Verification Checklist
- Verify the credit status and financial health of the underlying issuer, United States Cellular Corporation, as the Trust's value is entirely dependent on its notes.
- Review the specific Form 8-K distribution reports filed on June 20, 2006, and December 22, 2006, to obtain actual cash flow and distribution data for the period.
- Confirm the current trading status of the Class A-1 Certificates on the NYSE.
- Check for any subsequent filings by United States Cellular Corporation that may impact the value of the underlying collateral.