Lehman ABS certificate holders receive distribution from Goldman trust

By Caroline Salls

Pittsburgh, July 23 – Holders of Goldman Sachs Capital I Securities-Backed Series 2004-4 Trust corporate-backed trust certificates received a distribution from the trust on July 10, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The trust was formed in January 2001 by Lehman Brothers Holdings, Inc. wholly owned indirect subsidiary Lehman ABS Corp. as depositor and U.S. Bank Trust NA as trustee.

The trust said the distribution included $241,666 of interest distributed to class A-1 certificate holders, $10,385 of interest distributed to class A-2 certificate holders, $368,335 of amortizing notional amount distributed to class A-2 holders, $264,375 related to the interest portion of cash liquidation proceeds from the sale of $10 million principal amount of underlying securities to call warrant holders on July 15, $10 million of principal distributed to class A-1 holders and $11.27 million related to cash liquidation proceeds from the sale of the $10 million principal amount of underlying securities to call warrant holders on July 15.

The distribution was made in connection with the exercise of outstanding call warrants on the certificates under the terms of the trust agreement.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.

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