DHM Cobalts Trust For Sprint Cap Nts Cobalts TR For Sprint Cap Nts 8.0% 2002-1 TR Ctfs 11/15/2028

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

 

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

(Mark One)

 

 

For the fiscal year ended December 31, 2008

 

or

 

 

For the transition period from ____ to ____

 

Commission File Number 001-32042

 

STRUCTURED OBLIGATIONS CORPORATION,

(Exact name of registrant as specified in its charter)

 

        Delaware                                                                            13-3692801

( State or other jurisdiction of incorporation)                  (I.R.S. employer identification no.)

 

270 Park Avenue, New York, New York                                           10017

   (Address of principal executive offices)                                     (Zip code)

 

Registrant's telephone number, including area code: (212) 270-2353

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 

Yes _____ No   X    

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 

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Yes _____ No   X    

 

Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to have filed such reports) and (2) has been subject to such filing requirements for the past 90 days.

 

Yes   X   ¹ No ____

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (check one)

 

                 Large accelerated filer ______    Accelerated filer ____     Non-accelerated filer      X     

Indicate by check mark whether the registrant is shell company (as defined in Rule 12b-2 of the Act).

 

Yes _____ No   X    

 

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

 

As of the date of this report, all of the common stock of the Registrant is held by J. P. Morgan Securities Holdings Inc.

 

_________________________

¹  Pursuant to staff administrative positions established in the no-action letter Corporate Asset Backed Corporatio n (“CABCO”) (available August 9, 1995), the Depositor is not required to respond to various items of Form 10-K. Such items are designated herein as “Not Applicable”.

 

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DOCUMENTS INCORPORATED BY REFERENCE

 

The distribution reports to security holders filed on Form 8-K during the fiscal year in lieu of reports on Form 10-Q which includes the reports filed on Form 8-K listed in Item 15(b) hereto.

Introductory Note

 

Structured Obligations Corporation (the “Trustor”) is the Trustor under the Base Trust Agreement between the Trustor and U.S. Bank National Association, as Trustee (the “Trustee”), as supplemented by the COBALTS Supplement 2002-1 by and between the Trustor and the Trustee, providing for the issuance of the 8.125% Corporate Backed Listed Trust Securities (“COBALTS”) Trust Series Sprint Capital Certificates, Series 2002-1 (the “Certificates”) and is the Trustor for the Certificates (the “Registrant”). The Certificates do not represent obligations of or interests in the Trustor or the Trustee.

 

Sprint Corporation (Commission File Number: 001-04721), the parent of Sprint Capital Corporation and the guarantor of the underlying securities is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Reference is hereby made to the periodic and current reports and other information filed by Sprint Corporation with the Securities and Exchange Commission (the “Commission”) pursuant to the Exchange Act. Periodic and current reports and other information required to be filed pursuant to the Exchange Act by Sprint Corporation may be inspected and copied at the public reference facilities maintained by the Commission at 450 Fifth Street, N.W., Washington, D.C. 20549. The Commission also maintains a site on the World Wide Web at "http://www.sec.gov" at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system by Sprint Corporation. Neither the Trustor nor the Trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither the Trustor nor the Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting Sprint Corporation or Sprint Capital Corporation, or the underlying securities have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.

 

PART I

 

Not Applicable

 

Not Applicable

 

Not Applicable

 

Not Applicable

 

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PART II

 

 

The Certificates issued by and representing investors’ interest in the COBALTS Trust for Sprint Capital Notes (the “Trust”) are represented by one or more physical Certificates registered in the name of “Cede & Co., the nominee of The Depository Trust Company.

 

The following Certificates are listed on the exchange identified below:

 

 

 

 

 

 

 

 

 

 

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PART III

 

 

 

 

 

 

PART IV

 

 

 

 

31.1 – Certification by the President of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

99.1 – Annual Compliance Report by Trustee.

 

(b) The Form 8-Ks of the COBALTS Trust for Sprint Capital Notes (the “Trust”) which relate to periods covered by this annual report include (i) the Trust’s Current Report on Form 8-K for the distribution date occurring on May 15, 2008 and filed on May 21, 2008 and (ii) the Trust’s Current Report on Form 8-K for the distribution date occurring on November 17, 2008 and filed on November 24, 2008.

(c) See Item 15(a) above.

(d) Not Applicable.

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SIGNATURES

 

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

STRUCTURED OBLIGATIONS CORPORATION,

as trustor for the Trust Registrant

 

By: /s/ Chadwick S. Parson                 

Name:  Chadwick S. Parson

Title:    Managing Director and President

 

Dated: March 19, 2009

 

 

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