-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EZGyJwVL8q10omwXBwi+UmP68FnWM3LqscmnDpYtHMJ3LHWRPxZ0pcBOvskJ06UZ LL00bL7zlCkQ3cQYNEdcMA== 0000950131-98-003570.txt : 19980529 0000950131-98-003570.hdr.sgml : 19980529 ACCESSION NUMBER: 0000950131-98-003570 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980528 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ML PRINCIPAL PROTECTION LP CENTRAL INDEX KEY: 0000917259 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 133750642 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-07593 FILM NUMBER: 98632896 BUSINESS ADDRESS: STREET 1: 6TH FL, SOUTH TOWER, M L WORLD HDQR STREET 2: C/O ML FUTURES INVESTMENT PARTNERS INC CITY: NEW YORK STATE: NY ZIP: 10080-6106 BUSINESS PHONE: 2122364161 MAIL ADDRESS: STREET 1: C/O MERRILL LYNCH INVESTMENT PARTNERS IN STREET 2: WORLD FINANCIAL CENTER S TOWER 6TH FL CITY: NEW YORK STATE: NY ZIP: 10080-6106 FORMER COMPANY: FORMER CONFORMED NAME: ML PRINCIPAL PROTECTION PLUS LP DATE OF NAME CHANGE: 19940616 FORMER COMPANY: FORMER CONFORMED NAME: SECTOR STRATEGY FUND VII LP DATE OF NAME CHANGE: 19940107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ML PRINCIPAL PROTECTION TRADING LP CENTRAL INDEX KEY: 0000925433 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133775509 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-07593-01 FILM NUMBER: 98632897 BUSINESS ADDRESS: STREET 1: ML INVESTMENT PARTNERS INC STREET 2: WORLD FINANCIAL CENTER S TOWER 6TH FL CITY: NEW YORK STATE: NY ZIP: 10080-6106 BUSINESS PHONE: 2122364167 MAIL ADDRESS: STREET 1: MERRILL LYNCH INVESTMENT PARTNERS STREET 2: WORLD FINANCIAL CENTER S TOWER 6TH FL CITY: NEW YORK STATE: NY ZIP: 10080-6106 FORMER COMPANY: FORMER CONFORMED NAME: ML PRINCIPAL PROTECTION PLUS TRADING LP DATE OF NAME CHANGE: 19940616 424B3 1 MONTHLY REPORT APRIL 1998 Merrill Lynch Investment Partners Inc. [PHOTO] ML Principal Protection L.P. Monthly Statement April 1998 - ---------------------------- [LOGO] Merrill Lynch 1 ML Principal Protection L.P. The Net Asset Value ("NAV") of ML Principal Protection L.P. (the "Fund") decreased during April. Please see the accompanying summary financial information for the NAV of your series of Units. ------------------------------ Effective May 1, 1998, the Fund is allocating 85% of its assets to trading for series with a 5 year Time Horizon. ------------------------------ Effective May 1, 1998, Millburn Ridgefield Corporation is managing the 5.82% of the Fund's assets allocated to it as if Millburn were managing 50% more equity than that allocation. ------------------------------ As planned, effective March 31, 1998, the Fund paid the annual fixed-rate distribution to all Series C and G Unitholders in the amount of $3.50. The April 1, 1998 NAVs of Series C and G Units are reduced by the amount of these distributions. ------------------------------
1998 Year-to-Date Gross Total Trading Results* Through April 30 Agriculture $ 481,374 Currencies (390,107) Energy (1,510,729) Financial Instruments (296,914) Metals (541,935) Stock Indices 234,103 ------------ Total $(2,024,208)
* Before deduction of any fees and charges 2 FOR THE EXCLUSIVE USE OF INVESTORS IN ML PRINCIPAL PROTECTION L.P. THIS MONTHLY REPORT IS NOT AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. AN OFFER CAN ONLY BE MADE BY A CURRENT PROSPECTUS, AS SUPPLEMENTED, TOGETHER WITH SUMMARY FINANCIAL INFORMATION FOR THE FUND CURRENT WITHIN 60 DAYS. THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT RISK FACTORS, PERFORMANCE AND OTHER ASPECTS OF THE FUND AND MUST BE READ CAREFULLY BEFORE INVESTING. FUTURES TRADING IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THIS MONTHLY REPORT MUST NOT BE REPRODUCED OR DISTRIBUTED IN ANY MANNER. 3 ML Principal Protection L.P. April 30, 1998 Statement of Changes in Net Asset Value Net Asset Value (953,356.13 Units) at March 31, 1998 $101,054,449 Additions of 83,246.49 Units 8,324,649 Net Income/(Loss) for April 1998 (2,136,104) Redemptions of 16,999.52 Units (1,801,610) Distribution - Series C Units (122,679) Distribution - Series G Units (168,025) ------------- Net Asset Value (1,019,603.10 Units) at March 31, 1998 $105,150,680 ============= Net Asset Value at March 31, 1998 Series A Units $ 111.46* ============= Series B Units $ 106.98* ============= Series C Units $ 102.55* ============= Series D Units $ 107.74* ============= Series E Units $ 107.20* ============= Series F Units $ 102.21* ============= Series G Units $ 100.95* ============= Series H Units $ 104.49* ============= Series K Units $ 102.00 ============= Series L Units $ 99.38 ============= Series M Units $ 100.88 ============= Series N Units $ 97.30 ============= Series O Units $ 97.70 ============= * The Net Asset Value Per Unit does not include the annual distributions paid to Unitholders. ================================================================================ Statement of Income/(Loss) April ----- Revenues: Realized Profit/(Loss) $(1,348,535) Change in Unrealized Profit/(Loss) (781,261) ------------ Total Trading Results (2,129,796) Interest Income 491,439 ------------ Total Revenues (1,638,357) Expenses: Brokerage Commissions 524,684 Administrative Fees 14,991 Allocation of New Profit Share (16,739) ------------ Total Expenses 522,936 ------------ Net Income/(Loss) Before Minority Interest (2,161,293) ------------ Minority Interest 25,189 ------------ Net Income/(Loss) $(2,136,104) ============ 4 To the best of the knowledge and belief of the undersigned the information contained in this report is accurate and complete. /s/ John R. Frawley, Jr. John R. Frawley, Jr. President & Chief Executive Officer Merrill Lynch Investment Partners Inc. 5 Please notify the following of any address changes: Merrill Lynch Investment Partners Inc. Merrill Lynch World Headquarters South Tower World Financial Center New York, New York 10080-6106 1-800-765-0995 6 -----END PRIVACY-ENHANCED MESSAGE-----