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Previous: MERRILL LYNCH PREFERRED FUNDING IV LP, 10-Q, 2000-08-10 |
Next: MERRILL LYNCH PREFERRED FUNDING IV LP, 10-Q, EX-27, 2000-08-10 |
<TABLE>
<CAPTION>
EXHIBIT 12
MERRILL LYNCH PREFERRED CAPITAL TRUST IV
MERRILL LYNCH PREFERRED FUNDING IV, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED SECURITIES DISTRIBUTIONS
(dollars in thousands)
FOR THE THREE MONTHS ENDED FOR THE THREE MONTHS ENDED
JUNE 30, 2000 JUNE 25, 1999
---------------------------------- ----------------------------------
MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH
PREFERRED PREFERRED PREFERRED PREFERRED
CAPITAL TRUST IV FUNDING IV, L.P. CAPITAL TRUST IV FUNDING IV, L.P.
---------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
Earnings $ 7,340 $ 8,619 $ 7,340 $ 8,611
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 7,120 7,340 7,120 7,340
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 7,120 $ 7,340 $ 7,120 $ 7,340
======== ======== ======== ========
Ratio of earnings to combined
fixed charges and preferred
securities distributions 1.03 1.17 1.03 1.17
FOR THE SIX MONTHS ENDED FOR THE SIX MONTHS ENDED
JUNE 30, 2000 JUNE 25, 1999
---------------------------------- ----------------------------------
MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH
PREFERRED PREFERRED PREFERRED PREFERRED
CAPITAL TRUST IV FUNDING IV, L.P. CAPITAL TRUST IV FUNDING IV, L.P.
---------------- ---------------- ---------------- ----------------
Earnings $ 14,680 $ 17,232 $ 14,680 $ 17,208
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 14,240 14,680 14,240 14,680
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 14,240 $ 14,680 $ 14,240 $ 14,680
======== ======== ======== ========
Ratio of earnings to combined
fixed charges and preferred
securities distributions 1.03 1.17 1.03 1.17
</TABLE>
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