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): April 3, 2017
MERRILL LYNCH DEPOSITOR, INC.
(on behalf of PREFERREDPLUS TRUST SERIES CZN-1)
(Exact name of registrant as specified in its charter)
| Delaware | 001-16669 | 13-3891329 | ||
| (State or other | (Commission | (I. R. S. Employer | ||
| jurisdiction of | File Number) | Identification No.) | ||
| incorporation) | ||||
| One Bryant Park, 4th FL | 10036 | |||
| New York, NY | (Zip Code) | |||
| (Address of principal | ||||
| executive offices) | ||||
__________________________
Registrant’s telephone number, including area code: (646) 855-6745
INFORMATION TO BE INCLUDED IN 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.):
[ ] 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))
| Section 1. | Registrant’s Business and Operations |
Not applicable.
| Section 2. | Financial Information |
Not applicable.
| Section 3. | Securities and Trading Markets |
Not applicable.
| Section 4. | Matters Related to Accountants and Financial Statements |
Not applicable.
| Section 5. | Corporate Governance and Management |
Not applicable.
| Section 6. | Asset-Backed Securities |
Not applicable.
| Section 7. | Regulation FD |
Not applicable.
| Section 8. | Other Events |
| Item 8.01 | Other events |
| 99.1 | Distribution to holders of the PreferredPLUS Trust Certificates Series CZN-1 on April 3, 2017. |
The underlying securities issuer, Citizens Communications Company, is now known as Frontier Communications Co.
For information with respect to the underlying securities held by PreferredPLUS Trust Series CZN-1, please refer to Frontier Communications Co. (Commission file number 001-11001) periodic reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and other information on file with the Securities and Exchange Commission (the “SEC”). You can read and copy these reports and other information at the public reference facilities maintained by the SEC at Room 1580, 100 F Street, NE, Washington, D.C. 20549. You may obtain copies of this material for a fee by writing to the SEC’s Public Reference Section at 100 F Street, NE, Washington, D.C. 20549. You may obtain information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also access some of this information electronically by means of the SEC’s website on the Internet at http://www.sec.gov, which contains reports, proxy and information statements and other information that the underlying securities issuer has filed electronically with the SEC.
Although we have no reason to believe the information concerning the underlying securities or the underlying securities issuer contained in the underlying securities issuer’s Exchange Act reports is not reliable, neither the depositor nor the trustee participated in the preparation of such documents or made any due diligence inquiry with respect to the information provided therein. No investigation with respect to the underlying securities issuer (including, without limitation, no investigation as to its financial condition or creditworthiness) or of the underlying securities has been made. You should obtain and evaluate the same information concerning the underlying securities issuer as you would obtain and evaluate if your investment were directly in the underlying securities or in other securities issued by the underlying securities issuer. There can be no assurance that events affecting the underlying securities or the underlying securities issuer 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 |
| (a) | Financial statements of business acquired. |
Not Applicable.
| (b) | Pro forma financial information. |
Not Applicable.
| (c) | Shell company transactions. |
Not Applicable
| (c) | Exhibits. |
| 99.1 | Trustee’s report in respect of the April 3, 2017 distribution to holders of the PreferredPLUS Trust Certificates Series CZN-1. |
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.
| MERRILL LYNCH DEPOSITOR, INC. | ||
| Date: April 5, 2017 | By: | /Mohammad N. Islam |
| Name: | Mohammad N. Islam | |
| Title: | President | |
EXHIBIT INDEX
99.1 Trustee’s report in respect of the April 3, 2017 distribution to holders of the PreferredPLUS Trust Certificates Series CZN-1.
EXHIBIT 99.1
DISTRIBUTION REPORT
FOR
PreferredPLUS TRUST SERIES CZN-1
DISTRIBUTION DATE
April 3, 2017
CUSIP NUMBER 740434881
| (i) | the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the Frontier Communications Co. 7.05% Debentures due 2046 (the “Underlying Securities”): |
| Interest: | $1,445,250.00 |
| Principal: | $0.00 |
| Premium: | $0.00 |
| (ii) | the amounts of compensation received by the Trustee, for the period relating to such Distribution Date: |
| Paid by the Trust: | $0.00 |
| Paid by the Depositor: | $0 |
| (iii) | the amount of distribution on such Distribution Date to Holders allocable to principal of and premium, if any, and interest on the Certificates of each such Class and the amount of aggregate unpaid interest accrued as of such Distribution Date: |
| Interest: | $1,444,687.50 |
| Principal: | $0.00 |
| Unpaid Interest Accrued: | $0.00 |
| (iv) | the aggregate stated principal amount and, if applicable, notional amount of the Underlying Securities related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date, and the current rating assigned to the Certificates. |
| Principal Amount: | $41,000,000 |
| Interest Rate: | 7.05% |
| Rating: | |
| Moody’s Investor Service | B11 |
| Standard & Poor’s Rating Service | B+1 |
| (v) | the aggregate Certificate Principal Balance (or Notional Amount, if applicable) of each Class of such Series at the close of business on such Distribution Date. |
| Initial Principal Balance: | $34,500,000 |
| ($25 Stated Amount) | |
| Reduction: | (0) |
| Principal Balance 4/3/2017: | $34,500,000 |
1The Rating assigned to the Underlying Securities has changed since the last Distribution Report for PREFERREDPLUS TRUST SERIES CZN-1.