-----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, APa6CdMXwLRg889IIfd0A3EYD0ihUrQxVgc9fXZ4ev3gQBp2l99ygzBO6MLYkrHD TTXB7lYpZcJH3QxExfLXAw== 0000898733-99-000091.txt : 19990202 0000898733-99-000091.hdr.sgml : 19990202 ACCESSION NUMBER: 0000898733-99-000091 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 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: 10-K SEC ACT: SEC FILE NUMBER: 333-38745-01 FILM NUMBER: 99517855 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 10-K 1 RECEIPTS ON CORPORATE SECURITIES TRUST, SERIES FDX 1997-1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1998 OR / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ______________________ 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 of incorporation or organization) (I.R.S. Employer Identification No.) One New York Plaza, 14th Floor, New York, N.Y. 10292-2014 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 809-6631 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on which Registered None Not applicable - -------------------------------------------------------------------------------- Securities registered pursuant to Section 12(g) of the Act: None - -------------------------------------------------------------------------------- (Title of class) Indicate by check mark whether the Registrant (1) has 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 file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes CK No _ State the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of a specified date within 60 days prior to the date of filing. (See definition of affiliate in Rule 405.) NONE Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. NONE DOCUMENTS INCORPORATED BY REFERENCE On January 1, 1998 and July 1, 1998 cash distributions were made on the Receipts of Corporate Securities Trust, Series FDX 1997-1, Amortizing Class. See Part IV, Item 14.3 and attached Trustee's Distribution Statements. PART I Item 1. Business. Not applicable. Item 2. Properties. Not applicable. Item 3. Legal Proceedings. Not applicable. Item 4. Submission of Matters to a Vote of Security Holders. Not applicable. 1 PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters. (a) There is no established public trading market for the Certificates. (b) At December 31, 1998, the number of holders of record of Certificates was as follows: Certificates Number of Holders of Record ------------- --------------------------- Series FDX 1997-1 Amortizing class 10 Residual class 1 Item 6. Selected Financial Data. Not applicable. Item 7. Management's Discussion and Analysis of Financial Conditions and Results of Operations. Not applicable. Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Not applicable. Item 8. Financial Statements and Supplementary Data. Not applicable. Item 9. Changes in and disagreements with Accountants on Accounting and Financial Disclosure. None. Item 10. Directors and Executive Officers of the Registrant. Not applicable. Item 11. Executive Compensation Not applicable. 2 PART III Item 12. Security Ownership of Certain Beneficial Owners and Management Set forth below is certain information with respect to each holder of record for each class of the Series FDX 1997-1 Certificates at December 31, 1998:
Name and Address Number of Percent of Class of Holder Certificates Held Certificates Held* - ---------- ---------------- ----------------- ----------------- Amortizing Northern Trust Company 1 7% P.O. Box 92395 Chicago, IL 60675 Bank of NY 3 20% Incm Collection 10th Fl 110 Washington Street New York, NY 10286 The Bank of New York 2 13% P.O. Box 11203 Attn: Bill Cashman New York, NY 10249 Bank of New York 1 7% P.O. Box 11203 New York, NY 10286 Bank of New York 1 7% 90 Washington Street New York, NY 10286 Bankers Trust Co. 1 7% P.O. Box 704 Church Street Station a/c 98186 New York, NY 10008 Bankers Trust Co. 1 7% P.O. Box 704 Church Street Station a/c 98312 New York, NY 10008 Bankers Trust Co. 1 7% P.O. Box 704 Church Street Station a/c 093194 New York, NY 10008 Chase Manhattan Bank 1 7% 333 West 34th Street New York, NY 10001 3 Trust Department 3 20% United Missouri Bank, N.A. P.O. Box 419260 Kansas City, MO 64141 Residual Bankers Trust Co. 1 100% P.O. Box 704 Church Street Station New York, NY 10008 * Amounts rounded to the nearest percent.
Item 13. Certain Relationships and Related Transactions. None. PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K 1. All Financial Statements. Not applicable. 2. Financial statement schedules required by Item 8 of this Form. Not applicable. 3. See attached Trustee's Distribution Statements for the January 1, 1998 and July 1, 1998 cash distributions. (filed as Exhibit 20). 4 SIGNATURES Pursuant to the requirements of Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated. 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 5 EX-20 2 EXHIBIT 20 Trustee's Distribution Statement THE 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, 1998. With regard to the January 1, 1998 Distribution Date: The amount of principal distribution is $499,083.23 and interest is $1,476,916.77. The aggregate stated principal amount of the Term Assets are $52,000,000.00 at 7.6%. The aggregate Certificate Principal Balance is $41,698,538.77. Underlying Securities held as of January 1, 1998. 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 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 July 1, 1998. With regard to the July 1, 1998 Distribution Date: The amount of principal distribution is $516,551.14 and interest is $1,459,448.86. The aggregate stated principal amount of the Term Assets are $52,000,000.00 at 7.6%. The aggregate Certificate Principal Balance is $41,181,987.63. Underlying Securities held as of July 1, 1998. 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 -----END PRIVACY-ENHANCED MESSAGE-----