NEW YORK, NY--(Marketwire - July 27, 2007) - U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of June 19, 2001, between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, 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"), received notice that the call warrant holder has exercised its right to purchase $500,000 of the Underlying Securities of the Trust on August 8, 2007 (the "Call Date").
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE CALL 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 Call Date, then the Trustee will redeem 19,979 of the Class A-1 Certificates (selected by lot) on the Call Date at a price of $25 plus accrued interest of $0.330347365 per Certificate per Class A-1 Certificate and $516.65 principal amount of the uncertificated Class A-2 Certificate will be retired without payment. No interest will accrue on the Class A-1 Certificates selected for redemption after the Call Date. If the Trustee does not receive the call price by 10:00 a.m. (New York City time) on the Call Date, then (i) the Class A-1 Certificates selected for redemption will remain outstanding and continue to accrue interest as if no exercise notice had been given, (ii) $516.65 of the Class A-2 selected for retirement will remain outstanding and (iii) this (and other) call warrant holder(s) may elect to deliver notices 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: Contact: David J. Kolibachuk U.S. Bank Trust National Association 212-361-2459