-----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, Pjg+2LjHUPUN/JYBZHrlSjkPgDaUjsuoNVr02Zqdp5d6baYWxmATC8oXCzca8+pi Qv6kE5FNqSXVBu7E/JNDqA== 0000950131-98-002212.txt : 19980401 0000950131-98-002212.hdr.sgml : 19980401 ACCESSION NUMBER: 0000950131-98-002212 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980331 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ML PRINCIPAL PROTECTION LP CENTRAL INDEX KEY: 0000917259 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] 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: 98581529 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: 98581530 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 FEBRUARY 1998 Filed Pursuant to Rule 424(B)(3) Registration No. 333-7593 MERRILL LYNCH INVESTMENT PARTNERS INC. [LOGO] ML Principal Protection L.P. Monthly Statement February 1998 ------------------------------- [LOGO] Merrill Lynch ML Principal Protection L.P. The Net Asset Value ("NAV") of ML Principal Protection L.P. (the "Fund") decreased during February. Please see the accompanying summary financial information for the NAV of your series of Units. -------------------------- John W. Henry & Company, Inc. ("JWH"), one of the Fund's trading advisors, has notified the Fund of the following personnel changes: Mr. Christopher E. Deakins is the director of investor services of JWH. Mr. Deakins is responsible for general business development and oversees the investor services function. Prior to joining JWH in August 1995, he was a vice president, national sales, and a member of the Management Team for RXR Capital Management, Inc. His responsibilities consisted of business development, institutional sales, and broker-dealer support. Prior to joining RXR in August 1986, he was engaged as an account executive for Prudential-Bache Securities starting in February 1985. Prior to that, Mr. Deakins was an account executive for Merrill Lynch. He received a B.A. in Economics from Hartwick College. Ms. Florence Y. Sofer is director of marketing of JWH. She is responsible for the development and implementation of strategic marketing and communications programs. Ms. Sofer joined JWH as a marketing manager in June 1997 from GAM Funds, Inc. where she was a marketing manager from June 1994 to May 1997. From October 1993 to June 1994, Ms. Sofer relocated from Washington D.C. to New York, New York. Prior to that she was a senior marketing analyst with MCI Telecommunications, Inc. from May 1992 to October 1993. She received her B.A. in Economics and International Relations from The American University and an M.B.A. with an emphasis in marketing from George Washington University. Mr. David R. Bailin is no longer an executive vice president or principal of JWH effective February 5, 1998. Mr. Michael D. Gould is no longer director of investor services or principal of JWH effective February 5, 1998. Mr. Chris J. Lautenslager is no longer a vice president or principal of JWH effective February 5, 1998. Mr. William B. Kelley is a vice president of JWH effective February 9, 1998. Mr. Robert B. Lendrim is a vice president of JWH effective February 9, 1998. 1998 Year-to-Date Gross Total Trading Results* Through February 28
Agriculture $ 411,555 Currencies (1,622,343) Energy 275,920 Financial Instruments 780,937 Metals 271,147 Stock Indices (300,775) Total $ (183,559)
*Before deduction of any fees and charges 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. ML Principal Protection L.P. February 28, 1998 Statement of Changes in Net Asset Value
Net Asset Value (1,004,776.37 Units) at January 31, 1998 $107,071,311 Net Income/(Loss) for February 1998 (603,272) Redemptions of 30,392.80 Units (3,263,944) ------------ Net Asset Value (974,383.57 Units) at February 28, 1998 $103,204,095 ============ Net Asset Value at February 28, 1998 Series A Units $ 113.25* ============ Series B Units $ 108.70* ============ Series C Units $ 107.70* ============ Series D Units $ 109.48* ============ Series E Units $ 108.94* ============ Series F Units $ 103.85* ============ Series G Units $ 106.08* ============ Series H Units $ 106.17* ============ Series K Units $ 104.23 ============ Series L Units $ 101.51 ============ Series M Units $ 103.05 ============ Series N Units $ 99.37 ============
* The Net Asset Value per Unit does not include the annual distributions paid to Unitholders. ================================================================================ Statement of Income/(Loss)
February ------------- Revenues: Realized Profit/(Loss) $ 925,961 Change in Unrealized Profit/(Loss) (1,317,078) ------------- Total Trading Results (391,117) Interest Income 475,440 ------------- Total Revenues 84,323 Expenses: Brokerage Commissions 522,475 Administrative Fees 14,928 Allocation of New Profit Share 158,310 ------------- Total Expenses 695,713 ------------- Net Income/(Loss) Before Minority Interest (611,390) ------------- Minority Interest 8,118 ------------- Net Income/(Loss) $ (603,272) =============
To the best of the knowledge and belief of the undersigned the information contained in this report is accurate and complete. /s/ Michael A. Karmelin ----------------------- Michael A. Karmelin Chief Financial Officer Merrill Lynch Investment Partners Inc. 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 -----END PRIVACY-ENHANCED MESSAGE-----