SOURCE: COBALTS Trust Series Sprint Capital Certificates, Series 2002-1

November 14, 2007 16:25 ET

Retracted Redemption of COBALTS Trust Series Sprint Capital Certificates, Series 2002-1 CUSIP: 19074V102

NEW YORK, NY--(Marketwire - November 14, 2007) - On, 2007, a conditional notice of redemption was given in accordance with the terms and provisions of the Certificates. Redemption of the Certificates is conditional upon receipt by the Trustee of the Warrant Exercise Purchase Price. The Call Warrant Holder has notified the Trustee that the Warrant Exercise Purchase Price will not be paid on November , 2007. Therefore, the Certificates will not be redeemed in full on November 15, 2007.

This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about these redemptions, please contact Marlene Fahey of U.S. Bank Trust National Association at 212-361-2510.

Contact Information

  • Contact:
    Marlene Fahey
    U.S. Bank Trust National Association
    212-361-2510