Form 10-D - Asset-Backed Issuer Distribution Report [Section 13 or 15(d) of the Securities Exchange Act of 1934]
03 Octobre 2024 - 11:21PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from
September 3, 2024 to October 1, 2024
Commission File Number of Issuing entity: |
001-32867 |
Central Index Key Number of Issuing entity: |
0001357660 |
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STRATS(SM) TRUST FOR ALLSTATE
CORPORATION SECURITIES, SERIES 2006-3 |
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(Exact name of issuing entity as specified in its charter) |
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Commission File Number of depositor: |
001-31818 |
Central Index Key Number of depositor: |
0001140396 |
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Synthetic Fixed-Income Securities, Inc. |
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(Exact name of depositor and sponsor as specified in its charter) |
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Barbara Garafalo, (212) 214-6289 |
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(Name and telephone number, including area code, of the person to contact
in connection with this filing) |
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New York |
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(State or other jurisdiction of incorporation or organization of the issuing entity) |
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52-2316399 |
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(I.R.S. Employer Identification No.) |
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301 S. College Street
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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(212) 214-6289 |
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(Telephone number, including area code) |
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No Change |
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(Former name, former address, if changed since last report) |
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Registered/reporting pursuant to (check one) |
Title
of Class |
Section
12(b) |
Section
12(g) |
Section
15(d) |
Name
of exchange
(If Section 12(b)) |
STRATS Certificates, Series 2006-3 |
☒ |
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New York Stock
Exchange |
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities 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 ☒ NO ☐
PART I - DISTRIBUTION INFORMATION
Item
1. Distribution and Pool Performance Information.
On October 1, 2024, a distribution in respect of the October
1, 2024 scheduled distribution date was made to holders of the STRATS Certificates, Series 2006-3. Attached as Exhibit 99.1 is the Trustee’s
Distribution Statement for the October 1, 2024 scheduled distribution date, prepared by The Bank of New York Mellon (formerly known as
The Bank of New York), as trustee.
The record date for the Distribution Date was September 30,
2024 and the Collection Period for the Distribution Date was the period from but excluding September 3, 2024 through and including October
1, 2024.
Item
1A. Asset-Level Information.
None.
Item
1B. Asset Representations Reviewer and Investor Communication.
None.
PART
II - OTHER INFORMATION
ITEM
2 - LEGAL PROCEEDINGS.
None.
ITEM
3 - SALES OF SECURITIES AND USE OF PROCEEDS.
None.
ITEM
4 - DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM
5 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None.
ITEM
6 - SIGNIFICANT OBLIGORS OF POOL ASSETS.
The Allstate 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
The Allstate Corporation please see its periodic and current reports filed with the Securities and Exchange Commission (the “Commission”)
under its Commission file number, 001-11840 and Central Index Key (CIK) number 0000899051. 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 The Allstate Corporation may be accessed on this site.
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 - CHANGE IN SPONSOR INTEREST IN THE SECURITIES.
None.
ITEM
8 - SIGNIFICANT ENHANCEMENT PROVIDER INFORMATION.
None.
ITEM
9 - OTHER INFORMATION.
None.
ITEM
10 - EXHIBITS.
(a)
Documents filed as part of this report.
Exhibit
99.1 Trustee’s Distribution Statement for the October 1, 2024 scheduled distribution date.
(b)
Exhibits required by Form 10-D and Item 601 of Regulation S-K.
Exhibit
99.1 Trustee’s Distribution Statement for the October 1, 2024 scheduled distribution date.
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 ALLSTATE CORPORATION SECURITIES, SERIES 2006-3
(Issuing Entity)
Synthetic Fixed-Income Securities, Inc. (Depositor) |
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Date: October 1, 2024 |
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By: |
/s/ Barbara Garafalo |
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Name: |
Barbara Garafalo |
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Title: |
President |
EXHIBIT INDEX
Exhibit Number |
Description |
Exhibit 99.1 |
Trustee’s Distribution Statement for the October 1, 2024 scheduled
distribution date. |
STRATS(SM) TRUST FOR ALLSTATE CORPORATION SECURITIES, SERIES 2006-3
Exhibit 99.1
Trustee’s Distribution Statement
To the Holders of:
STRATS(SM) TRUST FOR ALLSTATE CORPORATION SECURITIES, SERIES 2006-3
Structured Repackaged Asset-Backed Trust Securities
| *CUSIP: | 86310N202 – Variable Floating
Rate Certificates |
The Bank of New York Mellon, as Trustee for the STRATS(SM) TRUST FOR ALLSTATE
CORPORATION SECURITIES, SERIES 2006-3, hereby gives notice with respect to the Scheduled Distribution Date of October 1st, 2024 (the “Distribution
Date”) as follows:
1. |
The amount received from Wachovia Bank, N.A. (the “Swap Counterparty”) on October 1st, 2024 was $89,942.08 and was distributed to Certificate holders as interest. The above amount was calculated by applying an interest rate of 5.9140 % to a notional amount of $18,250,000, pursuant to a swap agreement dated as of April 28, 2006 between the Trustee and the Swap Counterparty (the “Swap Agreement”). |
2. |
The amount of the distribution payable to the Certificateholders on the Distribution Date allocable to principal and premium, if any, and interest, expressed as a dollar amount per $25 Certificate is set forth below: |
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Principal |
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Interest |
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Total Distribution |
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$ |
0.000000 |
$ |
0.123208328767123
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$ |
0.123208328767123 |
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3. |
The amount of aggregate interest due and not paid as of the Distribution Date is $0.000000. |
4. |
No fees have been paid to the Trustee or any other party from the proceeds of the Underlying Securities. |
5. |
At the close of business on September 3rd, 2024 the first day of the distribution period to which this statement relates (the "Beginning Date"), $18,250,000 aggregate principal amount of The Allstate Corporation 5.95% Notes due 2036 (the "Underlying Securities") were held for the above trust. At the close of business on the Distribution Date, $18,250,000 aggregate principal amount of the Underlying Securities were held for the above trust. |
6. |
At the close of business on the Beginning Date, 730,000 Certificates representing $18,250,000 aggregate Certificate Principal Balance were outstanding. At the close of business on the Distribution Date, 730,000 Certificates representing $18,250,000 aggregate Certificate Principal Balance were outstanding. |
7. |
Pursuant to the Series Supplement, dated as of April 28, 2006, between the Depositor and the Trustee, the Trustee is required to establish an account in which to deposit all funds posted to secure the obligations of the Swap Counterparty under the Swap Agreement (the “Collateral Account”). At the close of business on the Beginning Date, the balance in the Collateral Account was 1,298,000.00. At the close of business on the Distribution Date, the balance in the Collateral Account was 1,298,000.00. |
8. |
The current rating of the Underlying Securities is not provided in this report. Ratings can be obtained from Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody’s Investors Service, Inc. by calling 212-553-0377. |
The Bank of New York, as Trustee
*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.
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