SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest event reported) October 1, 1999
-------------------------------
Merrill Lynch Municipal ABS, Inc.
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(Exact name of registrant as specified in charter)
New York 33-56254 13-369-8229
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
World Financial Center, North Tower, Ninth Floor, New York, New York 10281
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 449-9938
-----------------------------
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(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant.
Exempt per No-Action Letter publicly available May 30, 1996.
Item 2. Acquisition or Disposition of Assets.
Exempt per No-Action Letter publicly available May 30, 1996.
Item 3. Bankruptcy or Receivership.
Exempt per No-Action Letter publicly available May 30, 1996.
Item 4. Changes in Registrant's Certifying Accountant.
None.
Item 5. Other Events.
[See Exhibits below].
Item 6. Resignations of Registrant's Certifying Accountant.
Exempt per No-Action Letter publicly available May 30, 1996.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
1. Statement to holders of Merrill Lynch Municipal ABS, Inc.
Prerefunded Municipal Certificates, Series 1, Series 2, Series 3 relating
to the Distribution Date of October 1, 1999.
<PAGE>
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: 1/13/00 MERRILL LYNCH MUNICIPAL ABS, INC.
By: /s/ Edward J. Sisk
-----------------------------
Name: Edward J. Sisk
Title: Authorized Signatory
<PAGE>
EXHIBIT INDEX
Exhibit Page
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1. Statement to holders of Merrill Lynch Municipal ABS, Inc. 5
Prerefunded Municipal Certificates, Series 1, Series 2,
Series 3 relating to the Distribution Date of October 1, 1999.
Statement to Holders of Merrill Lynch Municipal ABS, Inc.
Prerefunded Municipal Certificates, Series 1, Series 2 and Series 3
relating to the Distribution Date of October 1, 1999
<PAGE>
Safet Kalabovic
Bankers Trust Company
Telephone: (212) 250-6378
[LOGO] Bankers Trust
Architects of Value
September 29, 1999
Merrill Lynch
World Financial Center
North Towers - 9th Floor
250 Vesey Street
New York, NY 10281-1309
Attn Alan Levy
The Depository Trust Company
7 Hanover Square - 2nd Floor
New York, NY 10004
Attn: Fran Vespa
Re: Merrill Lynch Municipal ABS, Inc.
Prerefunded Municipal Certificates Series 1, 2 and 3
Gentlemen:
Pursuant to Section 4.03 of the Trust Agreement dated as of March 28, 1995,
Bankers Trust Company as Trustee for the above-referenced bond issues, hereby
notifies you of the debt service payments for each Series due on
October 1, 1999. Attached is a payment schedule for each Series.
If you have any questions, please feel free to call me at the above referenced
number.
Very truly yours,
/s/ Safer Kalabovic
Attachment
Four Albany Street
New York, NY 10060
Kalabovic/Merrill
<PAGE>
Safet Kalabovic
Assistant Treasurer
(212) 250-6378
[LOGO] Bankers Trust
Architects of Value
September 29, 1999
Carl Daniels
Merrill Lynch
Re: Merrill Lynch Municipal ABS, Inc.
Prerefunded Municipal Certificates Series 1, 2 and 3
Carl:
For the above referenced issues, the principal and interest information for
October 1, 1999 is attached. All other relevant information is as follows:
Premium on Bonds None
Trustee Fees Payable None
Interest Shortfall on Bonds None
Aggregate Shortfall on Bonds None
Accrued Interest undistributed to holders None
Accrued Principal undistributed to holders None
Underlying Bonds on issues Attached
Should you have any questions please call me at (212) 250-6125.
Thank You,
/s/ Safet Kalabovic
enc.
Four Albany Street
New York, NY 10060
<PAGE>
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<CAPTION>
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SERIES 1 CERTIFICATES
---------------------
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Certificate Interest Principal
Class Maturity CUSIP Certificate Certificate Amount Amount
Number Date Number Rate Amount Due Due
================================================================================================
<S> <C> <C> <C> <C> <C> <C>
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9 10/01/1999 021433 ED5 4.90 90,000.00 2,205.00 90,000.00
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10 04/01/2000 021433 EE3 5.00 95,000.00 2,375.00 0.00
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11 10/01/2000 021433 EF0 5.00 95,000.00 2,375.00 0.00
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12 04/01/2001 021433 EG8 5.00 100,000.00 2,500.00 0.00
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13 10/01/2001 021433 EH6 5.00 100,000.00 2,500.00 0.00
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14 04/01/2002 021433 EJ2 5.10 105,000.00 2,677.50 0.00
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15 10/01/2002 021433 EK9 5.10 295,000.00 7,522.50 0.00
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16 04/01/2003 021433 EL7 5.10 100,000.00 2,550.00 0.00
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17 10/01/2003 021433 EM5 5.10 320,000.00 8,160.00 0.00
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18 04/01/2004 021433 EN3 5.20 95,000.00 2,470.00 0.00
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19 10/01/2004 021433 EP8 5.20 340,000.00 8,840.00 0.00
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20 04/01/2005 021433 EQ6 5.25 95,000.00 2,493.75 0.00
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21 10/01/2005 021433 ER4 5.25 360,000.00 9,450.00 0.00
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22 10/01/2008 021433 EX1 5.50 1,495,000.00 41,112.50 0.00
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23 10/01/2010 021433 FB8 5.60 1,130,000.00 31,640.00 0.00
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24 10/01/2012 021433 FF9 5.70 1,200,000.00 34,200.00 0.00
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RI 10/01/2012 021433 FG7 Variable 64,844.00 Residual --> 3,522.00
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TOTAL $6,077,844.00 $163,071.25 $93,522.00
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**** Please note that premium on bonds, trustee fees payable, interest shortfalls, aggregate
shortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.
**** Underlying Bond-Altamonte Springs FLA Authority
13.125% 10/01/12, $3,910,000
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</TABLE>
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<TABLE>
<CAPTION>
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SERIES 3 CERTIFICATES
---------------------
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Certificate Interest Principal
Class Maturity CUSIP Certificate Certificate Amount Amount
Number Date Number Rate Amount Due Due
================================================================================================
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
8 04/01/1999 684503 TJ4 4.90 970,000.00 23,765.00 970,000.00
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9 10/01/1999 684503 TK1 4.90 995,000.00 24,377.50 0.00
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10 04/01/2000 684503 TL9 5.00 1,020,000.00 25,500.00 0.00
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11 10/01/2000 684503 TM7 5.00 1,045,000.00 26,125.00 0.00
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12 04/01/2001 684503 TN5 5.00 1,070,000.00 26,750.00 0.00
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13 10/01/2001 684503 TP0 5.00 1,095,000.00 27,375.00 0.00
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14 04/01/2002 684503 TQ8 5.10 1,125,000.00 28,687.50 0.00
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15 10/01/2002 684503 TR6 5.10 3,190,000.00 81,345.00 0.00
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16 04/01/2003 684503 TS4 5.10 1,100,000.00 28,050.00 0.00
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17 10/01/2003 684503 TT2 5.10 3,425,000.00 87,337.50 0.00
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18 04/01/2004 684503 TU9 5.20 1,065,000.00 27,690.00 0.00
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19 10/01/2004 684503 TV7 5.20 3,675,000.00 95,550.00 0.00
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20 10/01/2005 684503 TX3 5.25 4,975,000.00* 130,593.75 0.00
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21 10/01/2006 684503 TZ8 5.30 5,225,000.00* 138,462.50 0.00
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22 10/01/2007 684503 UB9 5.40 5,480,000.00* 147,960.00 0.00
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23 10/01/2008 684503 UD5 5.50 5,785,000.00* 159,087.50 0.00
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24 10/01/2009 684503 UF0 5.60 6,085,000.00* 170,380.00 0.00
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25 10/01/2010 684503 UH6 5.60 6,410,000.00* 179,480.00 0.00
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26 10/01/2011 684503 UK9 5.70 6,750,000.00* 192,375.00 0.00
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27 10/01/2012 684503 UM5 5.70 4,910,000.00* 139,935.00 0.00
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RI 10/01/2012 684503 UN3 Variable 65,103.00 Residual --> 2,455.00
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TOTAL $65,460,103.00 $1,760,826.25 $972,455.00
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**** Please note that premium on bonds, trustee fees payable, interest shortfalls, aggregate
shortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.
**** Underlying Bond-Orange County FLA Health Facilities
13.125% 10/01/12, $41,650,000
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</TABLE>
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APR982
<TABLE>
<CAPTION>
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SERIES 2 CERTIFICATES
---------------------
- ------------------------------------------------------------------------------------------------
Certificate Interest Principal
Class Maturity CUSIP Certificate Certificate Amount Amount
Number Date Number Rate Amount Due Due
================================================================================================
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
8 04/01/1999 70252B AW3 4.90 230,000.00 5,635.00 230,000.00
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9 10/01/1999 70252B AX1 4.90 240,000.00 5,880.00 0.00
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10 04/01/2000 70252B AY9 5.00 245,000.00 6,125.00 0.00
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11 10/01/2000 70252B AZ6 5.00 250,000.00 6,250.00 0.00
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12 04/01/2001 70252B BA0 5.00 255,000.00 6,375.00 0.00
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13 10/01/2001 70252B BB8 5.00 265,000.00 6,625.00 0.00
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14 04/01/2002 70252B BC6 5.10 270,000.00 6,885.00 0.00
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15 10/01/2002 70252B BD4 5.10 795,000.00 20,272.50 0.00
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16 04/01/2003 70252B BE2 5.10 265,000.00 6,757.50 0.00
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17 10/01/2003 70252B BF9 5.10 860,000.00 21,930.00 0.00
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18 04/01/2004 70252B BG7 5.20 250,000.00 6,500.00 0.00
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19 10/01/2004 70252B BH5 5.20 925,000.00 24,050.00 0.00
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20 04/01/2005 70252B BJ1 5.25 240,000.00 6,300.00 0.00
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21 10/01/2005 70252B BK8 5.25 1,000,000.00 26,250.00 0.00
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22 10/01/2007 70252B BP7 5.40 2,255,000.00* 60,885.00 0.00
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23 10/01/2010 70252B BV4 5.60 5,000,000.00* 140,000.00 0.00
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24 10/01/2012 70252B BZ5 5.70 1,915,000.00* 54,577.50 0.00
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RI 10/01/2012 70252B CA9 Variable 76,227.00 Residual --> 5,109.00
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TOTAL $15,336,227.00 $411,297.50 $235,109.00
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**** Please note that premium on bonds, trustee fees payable, interest shortfalls, aggregate
shortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.
**** Pasco County FLA Health Facilities
13.125% 10/01/12, $9,850,000
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</TABLE>
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<TABLE>
<CAPTION>
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SERIES 3 CERTIFICATES
---------------------
- ------------------------------------------------------------------------------------------------
Certificate Interest Principal
Class Maturity CUSIP Certificate Certificate Amount Amount
Number Date Number Rate Amount Due Due
================================================================================================
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
9 10/01/1999 684503 TK1 4.90 995,000.00 24,377.50 995,000.00
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10 04/01/2000 684503 TL9 5.00 1,020,000.00 25,500.00 0.00
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11 10/01/2000 684503 TM7 5.00 1,045,000.00 26,125.00 0.00
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12 04/01/2001 684503 TN5 5.00 1,070,000.00 26,750.00 0.00
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13 10/01/2001 684503 TP0 5.00 1,095,000.00 27,375.00 0.00
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14 04/01/2002 684503 TQ8 5.10 1,125,000.00 28,687.50 0.00
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15 10/01/2002 684503 TR6 5.10 3,190,000.00 81,345.00 0.00
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16 04/01/2003 684503 TS4 5.10 1,100,000.00 28,050.00 0.00
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17 10/01/2003 684503 TT2 5.10 3,425,000.00 87,337.50 0.00
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18 04/01/2004 684503 TU9 5.20 1,065,000.00 27,690.00 0.00
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19 10/01/2004 684503 TV7 5.20 3,675,000.00 95,550.00 0.00
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20 10/01/2005 684503 TX3 5.25 4,975,000.00* 130,593.75 0.00
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21 10/01/2006 684503 TZ8 5.30 5,225,000.00* 138,462.50 0.00
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22 10/01/2007 684503 UB9 5.40 5,480,000.00* 147,960.00 0.00
- ------------------------------------------------------------------------------------------------
23 10/01/2008 684503 UD5 5.50 5,785,000.00* 159,087.50 0.00
- ------------------------------------------------------------------------------------------------
24 10/01/2009 684503 UF0 5.60 6,085,000.00* 170,380.00 0.00
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25 10/01/2010 684503 UH6 5.60 6,410,000.00* 179,480.00 0.00
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26 10/01/2011 684503 UK9 5.70 6,750,000.00* 192,375.00 0.00
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27 10/01/2012 684503 UM5 5.70 4,910,000.00* 139,935.00 0.00
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RI 10/01/2012 684503 UN3 Variable 62,648.00 Residual --> 1,220.00
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TOTAL $64,487,648.00 $1,737,061.25 $996,220.00
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**** Please note that premium on bonds, trustee fees payable, interest shortfalls, aggregate
shortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.
**** Underlying Bond-Orange County FLA Health Facilities
13.125% 10/01/12, $41,650,000
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</TABLE>
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APR982
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
SERIES 2 CERTIFICATES
---------------------
- ------------------------------------------------------------------------------------------------
Certificate Interest Principal
Class Maturity CUSIP Certificate Certificate Amount Amount
Number Date Number Rate Amount Due Due
================================================================================================
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
9 10/01/1999 70252B AX1 4.90 240,000.00 5,880.00 240,000.00
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10 04/01/2000 70252B AY9 5.00 245,000.00 6,125.00 0.00
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11 10/01/2000 70252B AZ6 5.00 250,000.00 6,250.00 0.00
- ------------------------------------------------------------------------------------------------
12 04/01/2001 70252B BA0 5.00 255,000.00 6,375.00 0.00
- ------------------------------------------------------------------------------------------------
13 10/01/2001 70252B BB8 5.00 265,000.00 6,625.00 0.00
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14 04/01/2002 70252B BC6 5.10 270,000.00 6,885.00 0.00
- ------------------------------------------------------------------------------------------------
15 10/01/2002 70252B BD4 5.10 795,000.00 20,272.50 0.00
- ------------------------------------------------------------------------------------------------
16 04/01/2003 70252B BE2 5.10 265,000.00 6,757.50 0.00
- ------------------------------------------------------------------------------------------------
17 10/01/2003 70252B BF9 5.10 860,000.00 21,930.00 0.00
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18 04/01/2004 70252B BG7 5.20 250,000.00 6,500.00 0.00
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19 10/01/2004 70252B BH5 5.20 925,000.00 24,050.00 0.00
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20 04/01/2005 70252B BJ1 5.25 240,000.00 6,300.00 0.00
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21 10/01/2005 70252B BK8 5.25 1,000,000.00 26,250.00 0.00
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22 10/01/2007 70252B BP7 5.40 2,255,000.00* 60,885.00 0.00
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23 10/01/2010 70252B BV4 5.60 5,000,000.00* 140,000.00 0.00
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24 10/01/2012 70252B BZ5 5.70 1,915,000.00* 54,577.50 0.00
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RI 10/01/2012 70252B CA9 Variable 71,118.00 Residual --> 744.00
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TOTAL $15,101,118.00 $405,662.50 $240,744.00
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**** Please note that premium on bonds, trustee fees payable, interest shortfalls, aggregate
shortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.
**** Pasco County FLA Health Facilities
13.125% 10/01/12, $9,850,000
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</TABLE>
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