Structured Asset Trust Unit Repackagings (SATURNS) Series 2004-6 Trust Receipt of Notice of Intent to Exercise Warrants in Full
May 10 2013 - 4:42PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Goldman
Sachs Capital I Capital Security Backed Series 2004-6 Trust (the
“Trust”) (New York Stock Exchange Ticker Symbol “HJL”), announced
today that it has received a Call Notice notifying the Trust of the
intended exercise of 100% of the remaining outstanding Warrants
representing the right to acquire a combined Unit Principal Balance
of 40,000,000 Class A Units and the equivalent Notional Amount of
Class B Units for settlement on May 28, 2013 (the “Intended
Settlement Date”). Under the terms of the Warrants, delivery of the
notice does not give rise to an obligation on the part of the
Warrantholder to pay the specified call price; and if by 4 p.m. New
York time on the Business Day prior to the Intended Settlement Date
the party exercising the Warrants has not paid the required call
price, the Call Notice will be effectively rescinded, in which case
settlement of the relevant Warrants would not occur and the
Warrants would continue in effect and could be exercised on a
subsequent date. If settlement of the Warrants occurs pursuant to
the Call Notice on the Intended Settlement Date, then Class A
Unitholders will receive the par value plus accrued interest of
each Class A Unit and Class B Unitholders will receive accrued
interest plus the Class B Present Value Amount in relation to each
Class B Unit, each in an amount to be determined in accordance with
the Trust Agreement. The Trust recently received Call Notices
notifying the Trust of the intended exercise of other outstanding
Warrants representing the right to acquire Class A Units and the
equivalent Notional Amount of Class B Units for settlement on May
23, 2013 (the “Previous Call Notice”). If settlement of the
Warrants intended to be exercised under the Previous Call Notice
does not occur, fewer than all outstanding Class A Units and Class
B Units would be redeemed on the Intended Settlement Date. In such
case, Class A Unitholders and Class B Unitholders will be randomly
selected for redemption.
CUSIP: 804111201 (A Units) 804111AA0 (B Units)
Symbol: HJL
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