Structured Asset Trust Unit Repackagings (SATURNS), AT&T
Corp. Debenture Backed Series 2001-8 Trust (the "Trust") (New York
Stock Exchange Ticker Symbol "MJN"), announced today that a "Trust
Wind Up Event" has occurred under the terms of the Trust Agreement
governing the Trust and that the Trust will liquidate its assets and
terminate. Settlement of a sale of the securities held by the Trust is
expected to occur on February 8, 2006, and a liquidation distribution
is expected to be made with respect to the Units of the Trust on
February 8, 2006.
The Trust Wind Up Event and requirement for termination of the Trust arose after the merger of AT&T Corp. with SBC Communications Inc. (now known as AT&T Inc.), following which AT&T Corp. became a subsidiary of AT&T Inc. Thereafter, AT&T Corp. withdrew from listing on the New York Stock Exchange ("NYSE") the securities held by the Trust, which had previously given rise to reporting obligations for AT&T Corp. under the Securities Exchange Act of 1934 (the "Exchange Act"). AT&T Corp. subsequently terminated its reporting obligations under the Exchange Act, and it is the stated intention of the parent of AT&T Corp., AT&T Inc., not to provide financial reporting information in relation to AT&T Corp. As a result, the Depositor of the Trust would be unable to meet its Exchange Act reporting obligations in relation to the Trust, which circumstance constitutes a Trust Wind Up Event. -0- CUSIP: 80409Q200 Symbol: MJN
The Trust Wind Up Event and requirement for termination of the Trust arose after the merger of AT&T Corp. with SBC Communications Inc. (now known as AT&T Inc.), following which AT&T Corp. became a subsidiary of AT&T Inc. Thereafter, AT&T Corp. withdrew from listing on the New York Stock Exchange ("NYSE") the securities held by the Trust, which had previously given rise to reporting obligations for AT&T Corp. under the Securities Exchange Act of 1934 (the "Exchange Act"). AT&T Corp. subsequently terminated its reporting obligations under the Exchange Act, and it is the stated intention of the parent of AT&T Corp., AT&T Inc., not to provide financial reporting information in relation to AT&T Corp. As a result, the Depositor of the Trust would be unable to meet its Exchange Act reporting obligations in relation to the Trust, which circumstance constitutes a Trust Wind Up Event. -0- CUSIP: 80409Q200 Symbol: MJN