PFH Prudential Financial Inc

This current report on Form 8-K relates to the Trust Certificates (the “Certificates”) issued by CABCO Trust for J.C. Penney Debentures (the “Trust”) relating to the J.C. Penney Company, Inc. 7 ⁵⁄₈ % Debentures due March 1, 2097 (the “JCP Debentures”). The Trust was created by the Amended and Restated Trust Agreement, dated as of March 25, 1999, between Corporate Asset Backed Corporation, as the depositor (the “Depositor”), and U.S. Bank National Association as successor trustee to The Bank of New York (as successor to United States Trust Company of New York) (the “Trustee”), providing for the issuance of $52,650,000 aggregate certificate principal balance of Trust Certificates relating to the JCP Debentures. The Certificates do not represent obligations of or interests in the Depositor or the Trustee. The Certificates represent beneficial interests in the Trust. The Trust’s assets consist primarily of $52,650,000 principal amount of the JCP Debentures.

On May 15, 2020, J.C. Penney Company, Inc. and certain of its subsidiaries, including J.C. Penney Corporation, Inc., commenced voluntary cases (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas. On May 18, 2020, J.C. Penney Company, Inc filed an 8-K with the Securities and Exchange Commission providing further information.

In addition, on May 18, 2020 the Trustee issued to the holders of the Certificates a notice regarding an event of default under the JCP Debentures relating to the bankruptcy. Although this notice contains a summary of certain information, this notice is not a complete summary or statement of such information, of relevant law, or of relevant legal procedures and the Trustee, the Trust and Corporate Asset Backed Corporation make no representation and accept no responsibility or liability as to the completeness or accuracy of the information provided therein. Holders should carefully consider the implications of the matters described in the notice and consult with their own legal and financial advisors.

J.C. Penney Company, Inc is subject to the informational requirements of the Securities Exchange Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”) (File No. 001-15274). In addition, J.C. Penney Corporation, Inc. (formerly J.C. Penney Company, Inc.) is subject to the informational requirements of the Securities Exchange Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”) (File No. 001-00777). Information filed with the SEC can be reviewed electronically through a website maintained by the SEC. The address of the SEC’s website is http://www.sec.gov. Information filed with the SEC can be located by reference to the relevant SEC file number. In addition, information filed with the SEC can be inspected and copied at the Public Reference Section of the SEC, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Information from outside sources is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. Neither the Trust, nor the Trustee, nor Corporate Asset Backed Corporation has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither the Trust, nor the Trustee, nor Corporate Asset Backed Corporation has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting J.C. Penney Company, Inc or J.C. Penney Corporation, Inc. have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.