Daily Discussion Thread for May 10, 2021

COTRP called for early accelerated redemption

COTRP redemption of certificates!

COTRP is being called for redemption! I received this from my brokerage TD Ameritrade.

From: Notices
To: [email protected]
Date: 1:39:42 ET 5/7/2021
Update on Exchange-Traded Note Position(s)and/or preferred stock position(s).

Dear [my name],

We recently reviewed the exchange-traded note (ETN) position(s) and/or preferred stock position(s) held in your account(s) and wanted to ensure you're aware that redemption features exist for the security(ies) listed at the bottom of this message. If you've recently liquidated this position(s), please disregard this message.

The issuer(s) could call the below-listed position(s) prior to maturity, an action also known as an "accelerated redemption," and return the current value of the ETN and/or preferred stock position(s) to you, minus the issuer's fees.

If the ETN(s) was purchased through TD Ameritrade, your confirmation may not have included this information due to a gap in our data source. This information is derived from the prospectus that would have been available to you from the issuer, as well as other sources, at the time of purchase.

We're Here for You

You do not need to do anything at this time regarding the security(ies) listed below. If you have questions about your investments or account(s), just reply to this message to write us, or call Client Services at 800-669-3900. We're available 24 hours a day, seven days a week.

Thank you for choosing TD Ameritrade. We're glad to have you as our client.

Sincerely,

TD Ameritrade Client Services

Please Note: In the event you have more than one account with an impacted ETN and/or Preferred Stock you may receive more than one notice.

ETN/Preferred Stock CUSIP

CORTS TRUST JC PENNEY 7.625% CORPORATE-BACKED TR CUSIP 220803100

TDA 1002233 EM 05/21

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