-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OYJww8JkdcmY5jMPY9xshZ5t9LCARzUd/Pu6iPgU2gUmUaswMlhv3yjO16pEBFcH 6o1rNwX4ltaxW5g4OF5IHg== 0000898733-99-000090.txt : 19990202 0000898733-99-000090.hdr.sgml : 19990202 ACCESSION NUMBER: 0000898733-99-000090 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990101 ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RECEIPTS ON CORPORATE SECURITIES TRUST SERIES FDX 1997 1 CENTRAL INDEX KEY: 0001057262 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-38745-01 FILM NUMBER: 99517854 BUSINESS ADDRESS: STREET 1: C/O BANK OF NEW YORK STREET 2: 101 BARCLAY ST 12 EAST CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2128155728 MAIL ADDRESS: STREET 1: BANK OF NEW YORK STREET 2: 101 BARCLAY ST 12 EAST CITY: NEW YORK STATE: NY ZIP: 10286 8-K 1 RECEIPTS ON CORPORATE SECURITIES TRUST, SERIES FDX 1997-1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 1, 1999 Commission file number: Receipts on Corporate Securities Trust, Series FDX 1997-1 - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Delaware 31-0944462 - -------------------------------------------------------------------------------- (State or other jurisdiction (I.R.S. Employer Identification No.) of incorporation or organization) One New York Plaza, 14th Floor, New York, NY 10292-2014 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 809-6631 N/A - -------------------------------------------------------------------------------- Former name, former address and former fiscal year, if changed since last report. Item 1. Changes in Control of Registrant. Not Applicable. Item 2. Acquisition or Disposition of Assets. Not Applicable. Item 3. Bankruptcy or Receivership Not Applicable. Item 4. Changes in Registrant's Certifying Accountant. Not Applicable. Item 5. Other Events On January 1, 1999 a cash distribution was made on the Receipts of Corporate Securities Trust, Series FDX 1997-1, Amortizing Class. See attached Trustee's Distribution Statement and Notice to the Holders (filed as Exhibit 20). Item 6. Selected Financial Data. Not Applicable. Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits. (a) Not Applicable. (b) Not Applicable. (c) Exhibits. 20 The Trustee's Distribution Statement and Notice to the Holders with respect to Item 5. is attached. Item 7a. Quantitative and Qualitative Disclosures About Market Risk. Not Applicable. Item 8. Financial Statements and Supplementary Data. Not Applicable. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Prudential Securities Structured Assets, Inc. By: /s/ Jeffrey J. Theodorou Date: January 29, 1999 ----------------------------------------- Jeffrey J. Theodorou President Receipts on Corporate Securities Trust, Series FDX 1997-1 By: Prudential Securities Structured Assets, Inc. Date: January 29, 1999 ------------------------------------------ By: /s/ Jeffrey J. Theodorou Date: January 29, 1999 ------------------------------------------ Jeffrey J. Theodorou President 3 EX-20 2 EXHIBIT 20 Trustee's Distribution Statement THE TO THE HOLDERS OF: BANK OF Prudential Securities Structured Assets, Inc. NEW Receipts on Corporate Securities, Series FDX 1997-1 YORK In accordance with Article IV, Section 4.2 of the Base Trust Agreement dated as of August 28, 1997, The Bank of New York, as Trustee, submits the following cash basis statement for the period ending January 1, 1999. With regard to the January 1, 1999 Distribution Date: The amount of principal distribution is $534,630.43 and interest is $1,441,369.57. The aggregate stated principal amount of the Term Assets are $52,000,000.00 at 7.6%. The aggregate Certificate Principal Balance is $40,647,357.19. Underlying Securities held as of January 1, 1999. Principal Amount Title of Security $52,000,000.00 FEDERAL EXPRESS CORPORATION ("FDX") $52,000,000 Aggregate Principal Amount of 7.60% Notes Due July 1, 2097 THE BANK OF NEW YORK, as Trustee NOTICE TO THE HOLDERS OF Prudential Securities Structured Assets Inc. Receipts on Corporate Securities, Series FDX 1997-1 This is to advise you that the January 1, 1998, July 1, 1998 and January 1, 1999 payments were incorrectly reflected as Interest Payments when in fact they were Principal and Interest Payments. Following are the correct factors with regard to these payments so that you may amend your records accordingly: January 1, 1998 - --------------- Interest Principal - -------- --------- Factor @ $100,000 $ 3,500 Factor @ $100,000: $1,182.72833 July 1, 1998 - ------------ Interest Principal - -------- --------- Factor @ $100,000 $ 3,500.000007 Factor @ $100,000: $ 1,238.775159 January 1, 1999 - --------------- Interest Principal - -------- --------- Factor @ $100,000 $ 3,500.000007 Factor @ $100,000: $ 1,298.214245 By: The Bank of New York, as Trustee Dated: January 14, 1999 -----END PRIVACY-ENHANCED MESSAGE-----