To: MCsweet who wrote (5037 ) 3/20/2013 5:20:16 PM From: brehm233 Read Replies (1) | Respond to Re: Trust PFD default? March 13, 2013 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Series Supplement dated June 14, 2007, which incorporates the terms of the Standard Terms for Trust Agreements, dated as of May 29, 2007, between Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Trustee, the Trustee has not received a notice of exercise from the holder of the warrants to purchase the outstanding PPLUS Trust Certificates Series EQ-1. Under the terms of the Trust Agreement, if the Call Warrant Holder chooses not to exercise the Call Warrants within 10 days after notice is given, the holders of Class A and Class B Certificates will receive Underlying Securities in kind, subject to appropriate minimum denominations of the Underlying Securities. The Trustee will divide the principal amount of Underlying Securities (and any cash proceeds) between the Classes in accordance with the Allocation Ratio and distribute each Class' portion to such Class' Certificateholders pro rata to each Certificateholder's last address as it appears in the Certificate Register. If any Underlying Securities are not so distributed, the Trustee shall sell the Underlying Securities not so distributed and a pro rata portion of the Related Assets held by the Trust, and any liquidation proceeds shall be divided between the Classes in accordance with the Allocation Ratio. Each Class' portion shall be deposited into such Class' Certificate Account and distributed pro rata to such Class' Certificateholders. The Underlying Securities and the proceeds will be distributed on March 18, 2013."
