8-K: STRATS Trust for Wal-Mart Stores, Inc. Securities, Series 2005-4 Announces September Distribution

A distribution of $0.12249374 per $25 certificate was made to holders of STRATS Trust for Wal-Mart Stores, Inc. Securities, Series 2005-4 on September 16, 2024.

Summary

• On September 16, 2024, a distribution was made to the holders of the STRATS Trust for Wal-Mart Stores, Inc. Securities, Series 2005-4.
• The distribution consisted of $0.12249374 per $25 certificate, all of which was interest.
• The total amount received from the swap counterparty was $66,945.28, which was distributed as interest.
• No principal or premium was distributed on this date.
• As of the distribution date, there was $13,663,000 aggregate liquidation amount of Wal-Mart Stores, Inc. 7.55% Notes due February 15, 2030 held for the trust.
• There were 546,520 certificates outstanding, representing a $13,663,000 aggregate certificate principal balance.

Sentiment

Score: 7

Explanation: The document is a routine distribution announcement, which is generally neutral. The fact that a distribution was made is positive, but there are no significant positive or negative surprises.

Positives

• Certificate holders received a distribution of $0.12249374 per $25 certificate.
• The trust continues to hold a significant amount of Wal-Mart Stores, Inc. notes.

Negatives

• No principal or premium was distributed on this date.

Risks

• The report does not provide the current rating of the underlying securities.
• There is no assurance that events affecting the issuer of the underlying securities or the underlying securities themselves have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents.

Industry Context

This is a routine distribution announcement for a structured finance product, specifically a trust holding Wal-Mart debt. Such trusts are common in the fixed-income market.

Comparison to Industry Standards

• The distribution of $0.12249374 per $25 certificate is specific to this trust and its underlying assets.
• Comparable trusts would have similar distribution announcements, but the specific amounts would vary based on the underlying assets and terms of the trust.
• The underlying Wal-Mart notes are a relatively stable investment, which is typical for investment grade corporate debt held in such trusts.

Stakeholder Impact

• Certificate holders received a scheduled interest payment.
• The trust continues to operate as designed, providing a return to investors.

Key Dates

Keywords

STRATS, Distribution, Wal-Mart, Securities, Trust, Interest, Fixed-Income, Certificates