-----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, Fv/O9bWX5pbIeSYeLB6Axv4fFCRU+KdfAo/d73syh27Sz3liR4oNWqdMF4UNGWk5 aDVh4GTYtVF8I0eaK/eLlw== 0000950131-98-006506.txt : 19981216 0000950131-98-006506.hdr.sgml : 19981216 ACCESSION NUMBER: 0000950131-98-006506 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981215 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: 333-60567 FILM NUMBER: 98769527 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: 333-60567-01 FILM NUMBER: 98769528 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 OCTOBER 1998 Merrill Lynch Investment Partners Inc. [ARTWORK APPEARS HERE] ML Principal Protection L.P. Monthly Statement October 1998 - ------------------------------ [LOGO] Merrill Lynch ML Principal Protection L.P. The Net Asset Value ("NAV") of ML Principal Protection L.P. (the "Fund") increased during October. Please see the accompanying summary financial information for the NAV of your series of Units. --------------------------------------------------- Special Reminder As tax season approaches and Merrill Lynch Investment Partners Inc. ("MLIP") prepares for distribution of the Fund's tax information for 1998 on Schedule K-1, investors should take steps to confirm that MLIP has their current address. Please notify MLIP in writing of any recent or impending change of address by notice mailed to Merrill Lynch Investment Partners Inc., World Financial Center, South Tower, 6th Floor, New York, NY 10080, Attention: Winston Clinton. Thank you. --------------------------------------------------- Effective November 1, 1998, the percentage of the Fund's assets allocated to Trading Advisors for management was increased from 76.31% to 79.28%. Increasing the percentage of assets allocated to trading increases risk and expenses as well as profit potential. Effective November 1, 1998, Graham Capital Management L.P. will no longer trade additional committed capital of the Fund, but rather only 100% of the net asset value of the assets allocated to Graham. This is a reduction in the account's leverage, because since June 1997, Graham has been managing the Fund's assets allocated to it as if Graham were managing 50% more equity than the allocation. --------------------------------------------------- 1998 Year-to-Date Gross Total Trading Results* Through October 31 Agriculture $(469,768) Currencies 2,941,898 Energy (1,436,029) Financial Instruments 7,275,292 Metals (1,610,442) Stock Indices 487,159 ---------- Total $7,188,110
*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 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. October 31, 1998 Statement of Changes in Net Asset Value (unaudited) Net Asset Value (844,146.5520 Units) at September 30, 1998 $ 93,376,679 Additions of 8,198.0008 Units 819,800 Net Income/(Loss) for October 1998 56,844 Redemptions of 102,963.4000 Units (11,116,180) Distribution - Series A Units (410,907) Distribution - Series E Units (204,887) ------------ Net Asset Value (749,381.1528 Units) at October 31, 1998 $ 82,521,349 ============ Net Asset Value at October 31, 1998: Series A Units $ 116.40* ============ Series B Units $ 114.62* ============ Series C Units $ 109.34* ============ Series D Units $ 112.12* ============ Series E Units $ 111.70* ============ Series F Units $ 109.46* ============ Series G Units $ 108.19* ============ Series H Units $ 108.41* ============ Series K Units $ 110.79 ============ Series L Units $ 107.92 ============ Series M Units $ 109.44 ============ Series N Units $ 105.49 ============ Series O Units $ 105.90 ============ Series P Units $ 107.98 ============ Series Q Units $ 99.93 ============
* The Net Asset Value per Unit does not include the annual distributions paid to Unitholders. 4 =============================================================================== Statement of Income/(Loss) (unaudited)
October ------- Revenues: Realized Profit/(Loss) $ 2,673,466 Change in Unrealized Profit/(Loss) (2,372,433) ----------- Total Trading Results 301,033 Interest Income 413,008 ----------- Total Revenues 714,041 Expenses: Brokerage Commissions 456,902 Administrative Fees 19,916 Allocation of New Profit Share 181,175 ----------- Total Expenses 657,993 ----------- Net Income/(Loss) Before Minority Interest 56,048 ----------- Minority Interest 796 ----------- Net Income/(Loss) $ 56,844 ===========
=============================================================================== To the best of the knowledge and belief of the undersigned the information contained in this report is accurate and complete. /s/ Jo Ann Di Dario Jo Ann Di Dario Chief Financial 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-----