| City of San Diego Tobacco Settlement Revenue Funding Corporation | ||
The City of San Diego Tobacco Settlement Revenue Funding Corporation (the Corporation) is a nonprofit public benefit corporation organized by the City of San Diego (the City) to transact business and exercise power to ensure a source of revenue to the City, while eliminating the risk of substantial decline in the amount of payments it is entitled to receive pursuant to the Master Settlement Agreement between 46 states, the District of Columbia, Puerto Rico, Guam and other Territories, and the four largest United States tobacco manufacturers in resolution of cigarette smoking related litigation. The stream of tobacco settlement revenues, in an amount up to $10.1M per year were sold by the City, and purchased by the Corporation via a "true sale". The bonds issued are secured by this revenue stream. Pursuant to the offering documents for such bonds, the City has undertaken responsibility to provide continuing disclosure for the benefit of the owners of the bonds.
Facts at a Glance provides a few basic facts about each issue for general reference. This is not a summary of each issue. Investors must read the relevant official statement and/or continuing disclosure annual report in their entirety to obtain information essential to making an informed investment decision. The information presented on this page is subject to change without notice. While this information has been obtained from sources believed to be reliable, the City offers no assurance that such information is current, does not guarantee the accuracy of this information, and is under no obligation to update any of it. For current information with respect to credit ratings, you are encouraged to contact the credit rating agencies.| City of San Diego Tobacco Settlement Revenue Funding Corporation |
CUSIP Number |
Trustee/ Paying Agent | Bondholder Payment Dates | Credit Ratings | Annual Report Dissemination Date |
| TOBACCO SETTLEMENT ASSET-BACKED BONDS | |||||
| City of San Diego Tobacco Settlement Revenue Funding Corporation Tobacco Settlement Asset-Backed Bonds Series 2006 |
797330 |
Wells Fargo Bank, N.A. Corporate Trust Services MAC E2818-176 707 Wilshire Blvd., 17th Floor Los Angeles, CA 90017 Telephone: (213) 614-3325 Fax: (213) 614-3355 |
June 1 and December 1 | Moody’s: Baa3 Negative Outlook Fitch: BBB+ S&P: -- |
April 11 |
Material Event Notices are issued in response to certain specific events, enumerated by the Securities and Exchange Commission's Rule 15c2-12 and as reflected in the Continuing Disclosure Agreements of certain issues.
The following Material Event Notices have been issued within the past three (3) years relating to the City of San Diego Tobacco Settlement Revenue Funding Corporation. Material Event Notices presented below (if any) may be consolidated and may cover more than one issuer/obligor.
| Material Event Notice | Notice Date | |
| Tobacco Settlement Asset-Backed Bonds Series 2006 Bond Call (PDF: 118KB) | May 21, 2009 | |
| Tobacco Settlement Asset-Backed Bonds Series 2006 Bond Call (PDF: 167KB) | December 2, 2008 | |
| Tobacco Settlement Asset-Backed Bonds Series 2006 Bond Call (PDF: 70K) | June 5, 2008 | |
| Fitch Rating Upgrade - City of San Diego (PDF: 150K) | February 8, 2008 | |
| Tobacco Settlement Asset-Backed Bonds Series 2006 Bond Call (PDF: 1.1Mb) | December 6, 2007 | |
| Tobacco Settlement Asset-Backed Bonds Series 2006 Bond Call (PDF: 116K) | August 7, 2007 | |
Notice of Failure to File Annual Reports
Notices of Failure to File Annual Reports are issued when annual reports are delayed and have not been filed within the timeframe required by the Continuing Disclosure Agreement for obligations subject to the Securities and Exchange Commission's Rule 15c2-12.
The following Notices of Failure to File Annual Reports have been issued within the past five (5) years that apply to the City of San Diego Tobacco Settlement Revenue Funding Corporation.
| Notice of Failure to File Annual Reports | Notice Date | |
| Failure to File Audited Financial Statements FY07 (PDF: 226K) | April 10, 2008 | |
| Failure to File Audited Financial Statement FY06 (PDF: 138K) | April 11, 2007 |
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