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Lehman ABS: Certificates distribution tied to call warrant exercise
By Caroline Salls
Pittsburgh, April 23 - Lehman Brothers Holdings Inc. wholly owned indirect subsidiary Lehman ABS Corp. said a distribution was made on April 15 to holders of Goldman Sachs Capital I Securities-Backed Series 2004-4 Trust corporate-backed certificates, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The distribution was made in connection with the exercise of outstanding call warrants on the certificates.
The interest portion of the call price received April 15 upon exercise of the call warrants was $1.42 million, and the principal portion was $30 million.
Lehman ABS is the trust depositor, and U.S. Bank NA is the trustee.
New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.
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