Home > Boards > US OTC > Miscellaneous >

Lehman ABS CorTS 2001-08 7.375% General Motors (CCYPQ)

CCYPQ RSS Feed
Add CCYPQ Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 7/19/2018 7:54:32 AM - Followers: 7 - Board type: Free - Posts Today: 0

Lehman ABS Corp., 7.375% Corporate Backed Trust Certificates, Series 2001-8, Class A-1

The trust is comprised of $32,575,000 principal amount of General Motors 8.10% Debentures due 6/14/2024 (MTLQ.GF / CUSIP 370442AV7). The underlying securities will be exchanged for equity securities in New GM.  Debtholders are expected to receive 10 percent of the common stock in New GM and warrants to buy another 15 percent.  GM is expected to be a public company within 6 to 18 months.

The issue price was $25.  Each certificate represents a 1/40 interest in the underlying $1,000 debenture.  The prices of the CCYPQ and MTLQ.GF should be highly correlated.  For example, CCYPQ should trade near $2.50 if the underlying security, MTLQ.GF trades at 10 or $100 per $1000. The trust will receive New GM securities, which will be sold and the proceeds distributed to certificate holders.  CCYPQ may trade at a slight discount since the trustee will be eligible to receive reimbursement of Extraordinary Expenses prior to any distribution to certificate holders.  Extraordinary Expenses will arise from efforts to protect certificateholders.

This is a thinly-traded issue.  There were only 1,303,000 CorTS certificates issued.  There are no market makers in this security. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.

 

Three Month Chart:

 

 GM Filing Date Forward Chart:

 To obtain pricing data for MTLQ.GF / CUSIP:370442AV7, click below:
http://cxa.marketwatch.com/finra/BondCenter/BondDetail.aspx?ID=MzcwNDQyQVY3
 

CCYPQ
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#155   hey eddy do you still hold these? did SwissCheeseAccount 07/19/18 07:54:32 AM
#154   Anybody know whats going on with these? nmoney 08/26/14 05:31:22 PM
#153   Good analysis h_man_investor 05/16/14 06:55:12 AM
#152   Huge spread between ask and bid this has eddy2 04/15/14 10:46:21 AM
#151   Is this thing alive? darby357 03/21/14 07:42:43 AM
#150   CCYPQ is smells like a winner kranthikumar 09/11/13 10:06:50 AM
#149   well I hope they are going to give jcpny777 01/26/12 11:06:59 AM
#148   Big distribution (joking). Each share will receive: - 0.0018910207 h_man_investor 01/26/12 10:59:36 AM
#147   up $1.045 today anyone with any ideas? jcpny777 01/25/12 05:59:53 PM
#146   Any idea of what we are in store jcpny777 12/15/11 11:53:00 AM
#145   Read the liquidation docs namely the April 21, h_man_investor 12/15/11 10:12:49 AM
#144   The first distribution was an initial distribution of jcpny777 12/15/11 09:45:06 AM
#143   The first distribution was an initial distribution of h_man_investor 12/14/11 10:48:20 AM
#142   any ideas why this is still listed and jcpny777 12/14/11 08:06:31 AM
#141   Partial payout has already occurred. Enterprising Investor 09/13/11 01:55:47 PM
#140   Just looked at these for the first time Superfly15 09/13/11 12:17:45 PM
#139   nice dividend in a and b stock over jcpny777 05/22/11 08:35:47 AM
#138   all my other old gm's are now the jcpny777 05/02/11 08:00:24 AM
#137   GM closes below $33 IPO price (3/04/11) Enterprising Investor 03/04/11 05:24:49 PM
#136   WHO'S THE SCROOGE THIS CHRISTMAS?? EzzyMony 12/20/10 02:57:34 PM
#135   Bankruptcies November 24, 2010, 5:00PM EST marayatano 11/27/10 01:46:03 AM
#134   maray no i didn't but this evening i jcpny777 11/20/10 01:18:51 AM
#133   Jcpnny: Did you sell the bond?eom marayatano 11/19/10 02:33:31 PM
#132   Agreed, I was thinking "really" when I was marayatano 11/19/10 01:07:02 AM
#131   Only in America can you watch the biggest Superfly15 11/19/10 12:57:15 AM
#130   Really? First day trading of GM deemed a success marayatano 11/19/10 12:23:27 AM
#128   Lets hope it appreciates and eventually pay dividends. marayatano 11/18/10 08:54:10 PM
#127   CCYPQ is the bold. I have the RED . marayatano 11/18/10 08:51:03 PM
#126   Can't say it much better than that guy Superfly15 11/18/10 08:36:54 PM
#125   maray does my memory serve me right when jcpny777 11/18/10 08:35:35 PM
#124   FYI: Q: What can holders of bonds that are marayatano 11/18/10 08:11:10 PM
#123   For you since you are pro-Ford: marayatano 11/18/10 01:31:23 PM
#122   Woohoo, offering increased to 478mm shares...people sure want Superfly15 11/16/10 04:52:53 PM
#121   If the hype is there and you are marayatano 11/16/10 02:20:37 PM
#120   Actually I think GM wishes they were selling ChuckD-MSB 11/16/10 02:16:42 PM
#119   GM is going to currently be worth 63b Superfly15 11/16/10 01:58:44 PM
#118   UPDATE 4-GM boosts IPO pricing, offers more preferred shrs marayatano 11/16/10 01:48:30 PM
#117   Our own government is pumping our money in Superfly15 11/15/10 08:54:58 PM
#116   O M G... Look... They are pumping it marayatano 11/15/10 08:34:00 PM
#115   POMO is sure doing the trick. I would Superfly15 11/15/10 06:22:12 PM
#114   Seems as if demand is very high for marayatano 11/15/10 05:10:03 PM
#113   Sorry, I don't know when ccypq will get marayatano 11/15/10 03:20:52 PM
#112   Once the stock is available for me to jcpny777 11/15/10 03:03:42 PM
#111   Actually I have already sold a while ago, marayatano 11/15/10 12:15:45 PM
#110   You have any shares you're going to hold Superfly15 11/15/10 12:07:02 PM
#109   China to play role in General Motors IPO marayatano 11/13/10 02:29:14 PM
#108   Big stock offerings next week could boost markets marayatano 11/12/10 08:16:50 PM
#107   Nice, multiple times oversubscribed... marayatano 11/12/10 04:24:25 PM
#106   November 12, 2010, 12:16 pm I.P.O./Offerings marayatano 11/12/10 04:24:20 PM
#105   GM: IPO shares to be priced between $26 marayatano 11/03/10 04:17:46 PM
PostSubject