Strats Sm Trust For Wal-Mart Stores, Inc. Securities, Series 2005-4 8-K, filed Nov 17, 2023
Strats Sm Trust For Wal-Mart Stores, Inc. Securities, Series 2005-4 (GJO)
About this 8-K
Strats Sm Trust For Wal-Mart Stores, Inc. Securities, Series 2005-4 filed this 8-K on November 17, 2023, reporting on events of November 15, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 15, 2023
SYNTHETIC FIXED-INCOME SECURITIES, INC. ON BEHALF OF:
STRATS TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4
(Exact name of registrant as specified in its charter)
| Delaware | 333-111858-16 001-32648 |
52-2316339 |
| (State or Other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
Synthetic Fixed-Income Securities, Inc. 301 South College Charlotte, North Carolina |
28288 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (212) 214-6289
No Change
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| STRATS Certificates, Series 2005-4 | GJO | New York Stock Exchange (“NYSE”) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
The STRATS TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4, which we refer to herein as the “Trust,” was formed pursuant to the Base Trust Agreement, dated as of September 26, 2003, between Synthetic Fixed-Income Securities, Inc., as depositor, and U.S. Bank Trust National Association, as trustee and securities intermediary, as supplemented by the STRATS Certificates Series Supplement 2005-4 in respect of the Trust dated as of October 17, 2005.
SECTION 8 – OTHER EVENTS
Item 8.01. OTHER EVENTS
On November 15, 2023 distribution was made to the holders of the certificates issued by the Trust. Specific information with respect to the distribution is filed as Exhibit 99.1 hereto.
No other reportable transactions or matters have occurred during the current reporting period.
Wal-Mart Stores, Inc., the issuer of the underlying securities, is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For information on Wal-Mart Stores, Inc. please see its periodic and current reports filed with the Securities and Exchange Commission (the “Commission”) under its Exchange Act file number, 001-06991. The Commission maintains a site on the World Wide Web at “http://www.sec.gov” at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system, or “EDGAR.” Periodic and current reports and other information required to be filed pursuant to the Exchange Act by Wal-Mart Stores, Inc. may be accessed on this site. Neither Synthetic Fixed-Income Securities, Inc. nor the Trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Synthetic Fixed-Income Securities, Inc. nor the Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting the issuer of the underlying securities or the underlying securities themselves have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
| (d) | The following exhibit is filed as part of this report: |
| 99.1 | Trustee’s Distribution Statement to the STRATS Certificates, Series 2005-4 for November 15, 2023 Scheduled Distribution Date. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Synthetic Fixed-Income Securities, Inc. | ||
| By: | /s/ Barbara Garafalo | |
| Name: | Barbara Garafalo | |
| Title: | President | |
| Date: November 15, 2023 | ||
EXHIBIT INDEX
Exhibit Number |
Description |
| 99.1 | Trustee’s Distribution Statement to the STRATS Certificates, Series 2005-4 for November 15, 2023 Scheduled Distribution Date. |
STRATS TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4 8-K
Exhibit 99.1
| To the Holders of: | ||
| STRATS TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4 | ||
| Structured Repackaged Asset-Backed Trust Securities | ||
| *CUSIP: | 86312E200 – Variable Floating Rate Certificates | |
U.S. Bank Trust National Association, as Trustee for the STRATS TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4, hereby gives notice with respect to the Scheduled Distribution Date of November 15, 2023 (the “Distribution Date”) as follows:
| 1. | The amount received from the Swap Counterparty on the Distribution Date was $70,085.27 and was distributed to Certificateholders as interest. |
| 2. | The amount of the distribution payable to the Certificateholders on the Distribution Date allocable to principal and premium, if any, and interest, expressed as a dollar amount per $25 Certificate is set forth below: |
| Principal | Interest | Total Distribution | ||||
| $ | 0.000000 | $ | 0.12823917 | $ | 0.12823917 | |
| 3. | The amount of aggregate interest due and not paid as of the Distribution Date is 0.000000. |
| 4. | No fees have been paid to the Trustee or any other party from the proceeds of the Underlying Securities. |
| 5. | At the close of business on the Distribution Date, $13,663,000 aggregate liquidation amount of The Wal-Mart Stores, Inc. 7.55% Notes due February 15, 2030 (the Underlying Securities) are held for the above trust. |
| 6. | At the close of business on the Distribution Date, 546,520 Certificates representing $13,663,000 aggregate Certificate Principal Balance were outstanding. |
| 7. | The current rating of the Underlying Securities is not provided in this report. Ratings can be obtained from Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody’s Investors Service, Inc. by calling 212-553-0377. |
U.S. Bank Trust National Association,
as Trustee
*The Trustee shall not be held responsible for the selection or use of the CUSIP number nor is any representation made as to its correctness. It is included solely for the convenience of the Holders.
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