Structured Asset Trust Unit Repackagings (SATURNS) Series 2003-16 Trust to Deliver Underlying Securities Pursuant to Call Option
February 12 2008 - 12:30PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Altria Group
Inc. Debenture Backed 2003-16 Trust (the �Trust�) (New York Stock
Exchange Ticker Symbol �HJB�), announced today that a �Trust Wind
Up Event� has occurred under the terms of the Trust Agreement
governing the Trust and that the Trust will deliver the underlying
securities to the Call Options holder on February 13, 2008 and
terminate. On February 8, 2008, the Call Options holder for the
SATURNS 2003-16 Trust (the �Trust�) notified the Trust of its
intent to exercise its Call Options representing its right to call
all of the underlying securities held by the Trust. Upon settlement
of the Call Options on or about February 13, 2008, Unitholders will
receive the par value plus accrued interest, of each Class A Unit
and accrued interest outstanding on each Class B Unit. CUSIP:
80411G208 Symbol: HJB
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