STRATS Trust For Dominion Resources Inc. Securities, Series 2005-6
GJP
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 301 South College Street Charlotte NC United States of America 28288
- IPO Date
- Dec 27, 2007
- CIK
- 0001343491
- Similar Companies
- Business
- STRATS Trust For Dominion Resources Inc. Securities, Series 2005-6 (NYSE: GJP) operates as a special purpose statutory trust that issues structured repackaged asset-backed trust securities (STRATS certificates), providing investors with synthetic exposure to the fixed-income securities of Dominion Resources, Inc. through an interest rate swap arrangement with a swap counterparty; the trust holds Dominion Resources, Inc. senior notes and facilitates quarterly distributions to certificate holders based on swap payments received, with a scheduled redemption date of June 15, 2035, and a liquidation value of USD 25 per certificate. Formed on November 21, 2005, pursuant to a base trust agreement dated September 26, 2003, between Synthetic Fixed-Income Securities, Inc. (as depositor) and U.S. Bank Trust National Association (as trustee and securities intermediary), the Delaware-domiciled trust trades on the New York Stock Exchange and focuses on the financial services sector, specifically structured finance products linked to utility company debt. The trust serves institutional and retail investors seeking yield from repackaged corporate debt, with no traditional operating subsidiaries or parent company beyond its depositor and trustee relationships. Core products consist of STRATS Certificates, Series 2005-6 (CUSIP: 78478P889), which are variable floating rate certificates entitled to quarterly distributions derived from fixed payments on Dominion Resources, Inc. Series D or equivalent senior notes repackaged via the swap; distributions include principal and interest components, with recent payouts reflecting amounts received from the swap counterparty, such as $40,928.59 noted in prior statements. The structure ensures pass-through of swap receipts net of trust expenses, maintaining a focus on long-term fixed-income replication without direct equity or operational activities. Recent major changes include ongoing scheduled quarterly distributions, with the latest reported on November 17, 2025, accompanied by a trustee's distribution statement filed via Form 8-K, alongside similar events on October 15, 2025, September 15, 2025, and throughout 2024-2025, confirming operational continuity without material disruptions. No significant partnerships, acquisitions, funding rounds, new product launches, strategic shifts, name changes, or reorganizations have been announced in the past 1-2 years; instead, SEC filings emphasize routine compliance and reference Dominion Resources, Inc.'s public reports for underlying issuer updates. The trust maintains its original structure amid stable trading, with shares fluctuating between $23.15 and $26.40 over the past 52 weeks as of late 2025.