-----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, KvdHuS/1Wk27H7ZbcXMRtZTpeu9kgKmVR/bEHXT8VESy5pmEz2Iuznvu8drInrIq SrqSsKxL0S9VUk8Q8GN2pA== 0001125282-06-006502.txt : 20061025 0001125282-06-006502.hdr.sgml : 20061025 20061025135713 ACCESSION NUMBER: 0001125282-06-006502 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061016 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061025 DATE AS OF CHANGE: 20061025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH DEPOSITOR INC PUBLIC STEERS SERIES 1998-1 TRUS CENTRAL INDEX KEY: 0001073703 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133891329 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13971 FILM NUMBER: 061162413 BUSINESS ADDRESS: STREET 1: WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10281 BUSINESS PHONE: 2124491000 MAIL ADDRESS: STREET 1: WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10281 8-K 1 b415336_8k.txt FORM 8-K 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): October 16, 2006 MERRILL LYNCH DEPOSITOR, INC. (on behalf of PUBLIC STEERS(R) SERIES 1998 HLT-1 TRUST) (Exact name of registrant as specified in its charter) DELAWARE 001-13971 13-3891329 (State or other (Commission (I. R. S. Employer jurisdiction of File Number) identification No.) incorporation) WORLD FINANCIAL CENTER, 10080 NEW YORK, NEW YORK (Zip Code) (Address of principal executive offices) -------------------------- Registrant's telephone number, including area code: (212) 449-1000 INFORMATION TO BE INCLUDED IN REPORT Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECTION 1. REGISTRANT'S BUSINESS AND OPERATIONS Not applicable. SECTION 2. FINANCIAL INFORMATION Not applicable. SECTION 3. SECURITIES AND TRADING MARKETS Not applicable. SECTION 4. MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS Not applicable. SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT Not applicable. SECTION 6. ASSET-BACKED SECURITIES Not applicable. SECTION 7. REGULATION FD Not applicable. SECTION 8. OTHER EVENTS ITEM 8.01 OTHER EVENTS 99.1 Distribution to holders of Public STEERS(R) Trust Certificates Series 1998 HLT-1 on October 16, 2006. For information with respect to the underlying securities held by Public STEERS(R) Series 1998 HLT-1 Trust, please refer to Hilton Hotels Corporation's (Commission file number 001-03427) periodic reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and other information on file with the Securities and Exchange Commission (the "SEC"). You can read and copy these reports and other information at the public reference facilities maintained by the SEC at Room 1580, 100 F Street, NE, Washington, D.C. 20549. You may obtain copies of this material for a fee by writing to the SEC's Public Reference Section of the SEC at 100 F Street, NE, Washington, D.C. 20549. You may obtain information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also access some of this information electronically by means of the SEC's website on the Internet at http://www.sec.gov, which contains reports, proxy and information statements and other information that the underlying securities issuer has filed electronically with the SEC. Although we have no reason to believe the information concerning the underlying securities or the underlying securities issuer contained in the underlying securities issuer's Exchange Act reports is not reliable, neither the depositor nor the trustee participated in the preparation of such documents or made any due diligence inquiry with respect to the information provided therein. No investigation with respect to the underlying securities issuer (including, without limitation, no investigation as to its financial condition or creditworthiness) or of the underlying securities has been made. You should obtain and evaluate the same information concerning the underlying securities issuer as you would obtain and evaluate if your investment were directly in the underlying securities or in other securities issued by the underlying securities issuer. There can be no assurance that events affecting the underlying securities or the underlying securities issuer have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above. SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (a) Financial statements of business acquired. Not Applicable. (b) Pro forma financial information. Not Applicable. (c) Shell company transactions. Not Applicable. (c) Exhibits. 99.1 Trustee's report in respect of the October 16, 2006 distribution to holders of the Public STEERS(R) Trust Certificates Series 1998 HLT-1. SIGNATURES Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Date: October 24, 2006 MERRILL LYNCH DEPOSITOR, INC. By: /s/ Jason Liddell ------------------------------ Name: Jason Liddell Title: Vice President EXHIBIT INDEX 99.1 Trustee's report in respect of the October 16, 2006 distribution to holders of the Public STEERS(R) Trust Certificates Series 1998 HLT-1. EX-99.1 2 b415336_ex99-1.txt EXHIBIT 99.1 EXHIBIT 99.1 DISTRIBUTION REPORT FOR PUBLIC STEERS (R) SERIES 1998 HLT-1 TRUST DISTRIBUTION DATE OCTOBER 16, 2006 CLASS A CUSIP NUMBER 744593AK0 CLASS B CUSIP NUMBER 744593AL8 (i) the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the Hilton Hotels Corporation 7.95% Senior Notes due 2007 (the "Underlying Securities"): Interest: $1,456,360.50 Principal: 0.00 Premium: 0.00 (ii) the amounts of compensation received by the Trustee, for the period relating to such Distribution Date: Paid by the Trust: $0.00 Paid by the Depositor: $1,000.00 (iii) the amount of distribution on such Distribution Date to Holders allocable to principal of and premium, if any, and interest on the Certificates of each such Class and the amount of aggregate unpaid interest accrued as of such Distribution Date: Class A: Interest: $1,282,330.00 Principal: $0.00 Class B: Interest: $174,030.50 Principal: 0.00 Unpaid Interest Accrued: 0.00 (iv) the aggregate stated principal amount and, if applicable, notional amount of the Underlying Securities related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date, and the current rating assigned to the Certificates. Principal Amount: $36,638,000 Interest Rate: 7.95% Rating: Moody's Investor Service Ba2 Standard & Poor's Rating Service BB (v) the aggregate Certificate Principal Balance (or Notional Amount, if applicable) of each Class of such Series at the close of business on such Distribution Date. Class A: ($25 Stated Amount) Initial Principal Balance: $36,638,000.00 Reduction: (0) -------------- Principal Balance 10/16/06: $36,638,000.00 Class B: ($25 Notional Amount) Initial Principal Balance: $36,638,000.00 Reduction: (0) -------------- Principal Balance 10/16/06: $36,638,000.00 -----END PRIVACY-ENHANCED MESSAGE-----