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745 Capital LLC has extended its cash tender offer for all outstanding Structured Products Corp. CorTS Trust for BellSouth Debentures, 7.00% Corporate-Backed Trust Securities (KTBA). The offer's expiration has been moved to April 6, 2023, at 5:00 PM New York City time. Previously tendered Certificates can be withdrawn before this new expiration. Payment for purchased Certificates will occur on or about April 13, 2023, pending the satisfaction or waiver of the Tender Offer's conditions. The announcement does not constitute an offer to purchase or sell the Certificates, with full details available through InvestorCom.
CorTS Trust For BellSouth Debentures (KTBA) announced its neutrality regarding 745 Capital LLC's Tender Offer on February 1, 2023, to purchase outstanding 7% Corporate-Backed Trust Securities Certificates. The Trust encourages certificate-holders to make individual decisions on whether to tender their investments, emphasizing the importance of consulting with financial advisors. The announcement follows SEC Rule 14e-2, reflecting the Trust's stance that it will not recommend any actions regarding the Tender Offer.
745 Capital LLC has initiated a cash tender offer to purchase all outstanding CorTSSM Trust for BellSouth Debentures, 7.00% Corporate-Backed Trust Securities Certificates (OTCMKTS: KTBA). The offer, priced at $19.00 per $25.00 principal amount of Certificates, will expire on March 10, 2023, at 5:00 p.m. EST. Holders who tender their certificates before the expiration will not receive any accrued interest. Payment for accepted certificates is expected to occur around March 17, 2023. This announcement serves only as information and does not constitute an official offer to purchase.
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