Madison Park Funding XIX holders direct partial redemption of notes

By Wendy Van Sickle

Columbus, Ohio, May 3 – Madison Park Funding XIX, Ltd./Madison Park Funding XIX, LLC received written direction from holders representing the required amount of subordinated notes to redeem some classes of its secured notes from refinancing proceeds, according to a notice.

The following notes will be redeemed on May 16 at par plus accrued interest for the following redemption prices:

• $388,060,767 for the class A-1 notes;

• $69,024,357 for the class A-2 notes;

• $16,061,243 for the class B-1 notes; and

• $14,243,234 for the class B-2 notes.

The class C-R, D-R, E-R and subordinated notes will not be redeemed on the redemption date.

Wells Fargo Bank, NA is the trustee.

New York-based Credit Suisse Asset Management, LLC is the portfolio manager.

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