PPlus Trust Series RRD-1 RRD-1 CTF CL A
PYS
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ROIC.AI
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- PPlus Trust Series RRD-1 RRD-1 CTF CL A (PYS) operates as a structured finance trust issuing Class A callable trust certificates backed by underlying securities from R.R. Donnelley & Sons Company. The trust's primary products include 6.30% PPLUS Class A Callable Trust Certificates, Series RRD-1, which provide fixed quarterly distributions of $0.7900 per certificate, funded through interest and principal payments on the collateralized debt obligations or preferred securities; these certificates feature a mandatory redemption date and are listed on the New York Stock Exchange under the ticker PYS. The trust serves investors seeking high-yield fixed-income exposure in the finance sector, specifically consumer services financing, with a market capitalization of approximately $42.2 million and a forward dividend yield of 7.57%. Established prior to 2006 as part of Merrill Lynch Depositor Inc.'s structured product issuances, the trust is headquartered in the United States and conducts no active operational business beyond certificate administration and distribution payments. In July 2019, Origen Phoenix LLC launched a cash tender offer for any and all outstanding PPLUS Class A 6.30% Callable Trust Certificates Series RRD-1, representing a significant liquidity event for holders. More recently, the New York Stock Exchange initiated suspension of trading in PYS and delisting proceedings, reflecting operational wind-down or reduced liquidity in the legacy trust certificates. No additional partnerships, acquisitions, or product launches have been reported in the last 1-2 years, with the trust maintaining steady quarterly dividends through 2025.