Structured Asset Trust Unit Repackagings (SATURNS) Series 2004-4 Trust Receipt of Notice of Intent to Exercise Warrants in Part
May 30 2014 - 4:13PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Goldman
Sachs Capital I Capital Security Backed Series 2004-4 Trust (the
“Trust”) (New York Stock Exchange Ticker Symbol “HJJ”), announced
today that it has received a Call Notice notifying the Trust of the
intended exercise of 63% of the outstanding Warrants representing
the right to acquire a combined Unit Principal Balance of
34,000,000 Class A Units and the equivalent Notional Amount of
Class B Units for settlement on June 3, 2014 (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price, the related Call Notice will be effectively rescinded, in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, the trust
agreement provides that Class A Unitholders will be randomly
selected for redemption at the par value plus accrued interest of
each Class A Unit and that, Class B Unitholders will be randomly
selected for redemption at 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.
CUSIP: 80411Y209 (A Units) 80411YAA8 (B Units)
Symbol: HJJ
U.S. Bank - Corporate Trust ServicesThais Hayum – Vice
PresidentP: +1-312-332-7489F:
+1-312-332-7992thais.hayum@usbank.com
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