UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 13(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For
the semi-annual distribution period from
01-June-07
to
01-December-07
Commission File Number of Issuing entity:
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001-33017
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STRATS(SM) TRUST FOR NEWS CORPORATION SECURITIES,
SERIES
2006-4
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor:
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333-131889
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Synthetic Fixed-Income Securities,
Inc.
(Exact name of depositor as specified in its charter)
Synthetic
Fixed-Income Securities,
Inc.
(Exact name of sponsor as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization of the
issuing entity)
52-2316339
_____________________________________
(I.R.S. Employer Identification No.)
301 S. College Street, DC-8
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|
Charlotte,
NC
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28288
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(Address of principal executive offices of issuing
entity)
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(Zip Code)
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(704)
715-8400
(Telephone number, including area code)
No
Change
(Former name, former address, if changed since last report)
Registered/reporting pursuant to (check one)
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Title of Class
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Section 12(b)
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Section 12(g)
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Section 15(d)
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Name of exchange
(If Section 12(b))
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STRATS(SM) 7.00% Callable
Class A-1 Certificates,
Series 2006-4
|
|
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x
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Has
the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the
Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90
days? YES
x
NO _________
PART
I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
The response to Item 1. is set forth in part herein and in part in
Exhibit 99.1. Introductory and explanatory information regarding the material terms,
parties and distributions described in Exhibit 99.1 are included in the Prospectus
Supplement, dated September 6, 2006, relating to the Callable Class A-1 Certificates,
Series 2006-4 (the “Certificates”) and the related Prospectus, dated
September 8, 2006 (collectively, the “Prospectus”), of STRATS(SM) Trust for
News Corporation Securities, Series 2006-4 (the “Issuing Entity”) filed
with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the
Securities Act of 1933.
The Class A-1 Certificates were offered under the Prospectus.
PART
II - OTHER INFORMATION
ITEM 2 - LEGAL PROCEEDINGS
Nothing to report.
ITEM 3 - SALES OF SECURITIES AND USE OF PROCEEDS.
Nothing to report.
ITEM 4 - DEFAULTS UPON SENIOR SECURITIES.
Nothing to report.
ITEM 5 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS.
Nothing to report.
ITEM 6 - SIGNIFICANT OBLIGORS OF POOL ASSETS.
News Corporation, the issuer of the underlying securities, is subject to
the information reporting requirements of the Securities Exchange Act of 1934 (the
“Exchange Act”). For information on News Corporation please see its
periodic and current reports filed with the Securities and Exchange Commission (the
“Commission”) under its Exchange Act file number, 001-32352. The Commission
maintains a site on the World Wide Web at “http://www.sec.gov” at which
users can view and download copies of reports, proxy and information statements and
other information filed electronically through the Electronic Data Gathering, Analysis
and Retrieval system, or “EDGAR.” Periodic and current reports and other
information required to be filed pursuant to the Exchange Act by News Corporation may
be accessed on this site. You can request copies of these documents, upon payment of a
duplicating fee, by writing to the SEC. The public may read and copy any materials
filed with the Commission at the Commission’s Public Reference Room at 100 F
Street, NE, Washington, DC 20549. The public may obtain information on the operation of
the Public Reference Room by calling the Commission at 1-800-SEC-0330. Please call the
SEC at (800) SEC-0330 for further information on the operation of the SEC's public
reference rooms. In addition, such reports and other information can be inspected at
the offices of the New York Stock Exchange at 20 Broad Street, New York, New York
10005. Neither Synthetic Fixed-Income Securities, Inc. nor the Trustee has participated
in the preparation of such reporting documents, or made any due diligence investigation
with respect to the information provided therein. Neither Synthetic Fixed-Income
Securities, Inc. nor the Trustee has verified the accuracy or completeness of such
documents or reports. There can be no assurance that events affecting the issuer of the
underlying securities or the underlying securities themselves have not occurred or have
not yet been publicly
disclosed which would affect the accuracy or
completeness of the publicly available documents described above.
ITEM 7 - SIGNIFICANT ENHANCEMENT PROVIDER INFORMATION.
Inapplicable.
ITEM 8 - OTHER INFORMATION.
Nothing to report.
ITEM 9 - EXHIBITS
(a) Documents filed as part of this report.
Exhibit 99.1 December 2007 Semi-Annual Statement to
Certificateholders
(b) Exhibits required by Form 10-D and Item 601 of Regulation
S-K.
Exhibit 99.1 December 2007 Semi-Annual Statement to
Certificateholders.
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.
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STRATS(SM) TRUST FOR NEWS
CORPORATION SECURITIES, SERIES 2006-4
(Issuing Entity)
|
|
|
|
Synthetic Fixed-Income Securities, Inc.
(Registrant)
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|
|
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December 14, 2007
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By:
/s/ James
Whang
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Name: James Whang
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Title: Director
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EXHIBIT INDEX
Exhibit Number
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Description
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Exhibit 99.1
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Distribution Statement
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To the Holders of:
|
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STRATS(SM) TRUST FOR NEWS CORPORATION SECURITIES,
SERIES 2006-4
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Structured Repackaged Asset-Backed Trust
Securities
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*CUSIP:
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863117206 – 7.000% Class A-1
Certificates
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*CUSIP:
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863117AA5 – 0.900% Class A-2
Certificates
|
|
|
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U.S.
Bank Trust National Association, as Trustee for the STRATS(SM) Trust For News
Corporation Securities, Series 2006-4, hereby gives notice with respect to the
Scheduled Distribution Date of December 1, 2007 (the “Distribution Date”)
as follows:
Record Date: November 30, 2007
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Collection Period: June 2, 2007 through December 1,
2007, 182 Days
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Distribution Date: December 1, 2007
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Underlying Security: News America Holdings Incorporated
7.90% corporate bonds due 12/1/2095
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CUSIP of Underlying Security*: 652478BB3
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Certificate Account Holdings as of beginning of
Collection Period
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Cash Balance:
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$0.00
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Number of Underlying Securities Held:
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33,000
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Principal Amount of Underlying Securities:
|
$33,000,000.00
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Cash Flows received during Collection Period
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|
Scheduled Income received on Underlying Securities on
Distribution Date:
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$1,303,500.00
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Principal Received on Underlying Securities:
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$0.00
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LESS:
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Class A-1 Allocation paid to
Certificateholders:
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$1,155,000.00
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Per $25 Class A-1 Certificate:
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$0.8750000
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Class A-2 Allocation:
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$148,500.00
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Fees Paid to Trustee from Class A-2
Allocation:
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$2,000.00
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Listing Fee Paid from Class A-2 Allocation:
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$2,500.00
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Payment to Class A-2 Certificateholders:
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$144,000.00
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Per $1,000 Notional Amount of Class A-2
Certificates:
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$4.3636364
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Certificate Account Holdings at close of business on
Distribution Date
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Cash Balance:
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$0.00
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Number of Underlying Securities Held:
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33,000
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Principal Amount of Underlying Securities:
|
$33,000,000.00
|
Issued by Trust and outstanding as of beginning of
Collection Period
|
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1,320,000 Class A-1 Certificates representing Stated
Amount:
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$33,000,000.00
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Notional Amount of Class A-2 Certificates:
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$33,000,000.00
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Number of Call Warrants:
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66
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Issued by Trust and outstanding at close of business on
Distribution Date
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1,320,000 Class A-1 Certificates representing Stated
Amount:
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$33,000,000.00
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Notional Amount of Class A-2 Certificates:
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$33,000,000.00
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Number of Call Warrants:
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66
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U.S. Bank Trust National Association, as
Trustee
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*The
Trustee shall not be held responsible for the selection or use of the CUSIP number nor
is any representation made as to its correctness. It is included solely for the
convenience of the Holders.