CUSIP 594714AC1

  • ISIN: US594714AC13
  • Entity Name: Michigan Strategic Fund
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Unscheduled Draw
  • News: January 1, 2017- Debt Service Payment and Trustees fees and expenses There was a regular interest payment for the 2010A Bonds, in the amount of $180,368.75, scheduled for January 1, 2017. Also on January 1, 2017, there was a regularly scheduled interest payment of $25,000 for the 2010B Bonds, and a principal maturity payment of $1,000,000. As of the date of this Notice, the Trustee had $115,241.45 in its Revenue and Debt Service Funds for use in making the regularly scheduled payments. As a result, and pursuant to instruction from the Majority Holder, the Trustee will forego the payment of principal on the 2010B Bonds, and will pay interest on the Bonds as follows: The Trustee, pursuant to the terms of the Indenture, and in light of the Event of Default described above, may pay its fees and legal expenses from funds available in the Operation and Maintenance Fund and the Debt Service Reserve Fund. The current balance of the Debt Service Reserve Fund is $390,992,26.
  • Description: *****
  • Bond Document:
  • Latest Corporate Actions:

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