NEW YORK, NY--(Marketwire - July 3, 2007) - U.S. Bank Trust National Association, as
Trustee, under the Standard Terms for Trust Agreements dated as of June 19,
2001, as supplemented by the Series Supplement for the Trust Certificates
(TRUCs) Series 2001-2 dated as of July 10, 2001 (the "Trust Agreement") in
respect of the Trust Certificates (TRUCs) Series 2001-2 Trust (the "Trust")
with Bear Stearns Depositor Inc., as Depositor, received notice that a call
warrant holder has exercised its right to purchase 19,979 of the 1,198,760
total outstanding Class A-1 Trust Certificates (TRUCs) Series 2001-2,
(
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE.
If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Redemption Date, then the certificates issued by the Trust (the "Certificates") will be redeemed in part on the Redemption Date at a price of $25.00 principal plus $ 0.27118074 accrued interest per Class A-1 Certificate selected for redemption (the "Call Price"). No interest will accrue on the Certificates selected for redemption after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest as if no exercise notice had been given and (ii) the call warrant holder may elect to deliver a conditional notice of exercise in the future.
This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional redemption, please contact David J. Kolibachuk of U.S. Bank Trust National Association at 212-361-2459.
Contact Information: David J. Kolibachuk U.S. Bank Trust National Association 212-361-2459