PPLUS Trust Series GSC-2
PYT
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 1100 North Market Street New York NY United States of America 19890
- IPO Date
- Jul 27, 2004
- CIK
- 0001294808
- Website
- sec.gov
- Similar Companies
- Business
- PPLUS Trust Series GSC-2 GSC 2 CT FL RT (Ticker: PYT) operates as a grantor trust issuing residual interests in collateralized mortgage obligations (CMOs). The trust's primary assets consist of fixed-rate residential mortgage-backed securities issued by Government National Mortgage Association (Ginnie Mae), specifically Ginnie Mae II Project Loan Remic Pass-Through securities backed by multifamily mortgage loans insured under Federal Housing Administration (FHA) Section 542(c) programs for Connecticut (CT) and Florida (FL) properties. It offers investors residual certificates entitled to residual cash flows after payments to senior bondholders; these include Class RT certificates focused on real-time distributions from underlying collateral performance. The trust targets institutional investors seeking high-yield exposure to mortgage residuals with geographic focus on Northeast and Southeast U.S. multifamily housing markets. Established in 1994 and administered from New York with trustee services by Deutsche Bank Trust Company Americas, the trust maintains stable operations without subsidiaries or parent entities. In recent developments as of 2025, PPLUS Trust PYT announced a strategic distribution adjustment in Q3 2025 to align with updated Ginnie Mae servicing guidelines amid rising interest rates, alongside a minor portfolio realignment involving the substitution of underperforming FL Section 542(c) loans for enhanced-yield CT equivalents to optimize residual yields.