Landmark VII CDO plans July 15 redemption for some notes

By Wendy Van Sickle

Columbus, Ohio, July 1 – Landmark VII CDO Ltd./Landmark VII CDO (Delaware) Corp. plans to redeem four sets of its notes and its preferred shares, according to a notice.

The redemption follows a direction from holders of a majority of the preferred shares.

The following will be redeemed at par plus accrued interest on July 15:

• $5,574,774.52 of class A-2L notes;

• $23,059,609.80 of class A-3L notes;

• $14,068,134.23 of class B-1L notes; and

• $12,935,138.05 of class B-2L notes.

The preferred shares will also be redeemed on July 15. Holders will receive the excess cash flow attributable to collateral principal collections.

Landmark said it has been informed by the collateral manager that some distributions may be made to the preferred shares after the redemption date because some items in the portfolio may not be sold before the optional redemption date.

Bank of New York Mellon Trust Co., NA is the trustee.

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