EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------
FORM T-1
STATEMENT OF ELIGIBILITY UNDER THE
TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
------------------
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2)
------------------
THE BANK OF NEW YORK TRUST COMPANY OF FLORIDA, N.A.
(Exact name of trustee as specified in its charter)
(State of incorporation if not a U.S. national bank)
59-2283428
(I.R.S. employer identification no.)
800 BRICKELL AVENUE
SUITE 300
MIAMI, FLORIDA 33131
(Address of principal executive offices) (Zip Code)
-------------------
The Bank of New York Trust Company of Florida, N.A.
600 North Pearl Street, Suite 420
Dallas, TX 75201
(214) 880-8238
(Name, address and telephone number of agent for service)
--------------------
MONITRONICS INTERNATIONAL,INC.
(Exact name of obligor as specified in its charter)
TEXAS 74-2719343
(State or other jurisdiction of (IRS employer
incorporation or organization) identification no.)
12801 STEMMONS FREEWAY, SUITE 821
DALLAS, TEXAS 75234
(972)-243-7443
(Address, zip code and telephone number of
principal executive offices)
--------------------
NOTES
(11 3/4% SENIOR SUBORDINATED NOTES DUE 2010)
1. General Information.
Furnish the following information as to the trustee--
(a) Name and address of each examining or supervising authority to which
it is subject.
Comptroller of the Currency
United States Department of the Treasury
Washington, D.C. 20219
Federal Reserve Bank
Atlanta, Georgia 30309
Federal Deposit Insurance Corporation
Washington, D.C. 20429
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
3-15 Not Applicable
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are
incorporated herein by reference as an exhibit hereto, pursuant to Rule
7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R.
229.10(d).
(1) A copy of the Articles of Association of the Bank of New York Trust
Company of Florida, N.A. (Exhibit 1 to Form T-1 filed with Registration
Statement No. 333-100717.)
(2) A copy of certificate of authority of the trustee to commence business.
(Exhibit 2 to Form T-1 filed with Registration Statement No. 333-100717.)
(3) A copy of the Authorization of the trustee to exercise corporate
trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement
No. 333-100717.)
(4) A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form
T-1 filed with Registration Statement No. 333-100717.)
(6) The consent of the Trustee required by Section 321(b) of the Act.
(7) A copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining
authority.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York
Trust Company of Florida, N.A., a corporation organized and existing under the
laws of the State of New York, has duly caused this statement of eligibility to
be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of Dallas and the State of Texas, on the 14th day of October, 2003.
THE BANK OF NEW YORK TRUST
COMPANY OF FLORIDA, N.A.
By: /s/ Patrick T. Giordano
--------------------------------------------
Patrick T Giordano, Agent
EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act
of 1939, in connection with the proposed issuance of Monitronics International,
Inc. 11 3/4% SENIOR SUBORDINATED NOTES DUE 2010, The Bank of New York Trust
Company of Florida, N.A. hereby consents that reports of examinations by
Federal, State, Territorial or District Authorities may be furnished by such
authorities to the Securities and Exchange Commission upon request therefor.
THE BANK OF NEW YORK TRUST
COMPANY OF FLORIDA, N.A.
By: /S/ Patrick T Giordano
Patrick T Giordano, Agent
EXHIBIT 7 TO FORM T-1
Board of Governors of the Federal Reserve System
OMB Number: 7100-003
Federal Deposit Insurance Corporation
OMB Number: 3064-005
Office of the Comptroller of the Currency
Expires
Federal Financial Institutions Examination Council
- --------------------------------------------------------------------------------
-----
1
-----
Please refer to page I,
Table of Contents, for
the required disclosure
of estimated burden.
- --------------------------------------------------------------------------------
Consolidated Reports of Condition and Income for
A Bank With Domestic Offices Only FFIEC 041
Report at the close of business June 30, 2003
20020930
(RCRI 9999)
This report is required by law: 12 U.S.C.ss.324 (State member banks); 12
U.S.C.ss.1817 (State nonmember banks); and 12 U.S.C.ss.161 (National banks).
This report form is to be filed by banks with domestic offices only. Banks with
foreign offices (as defined in the instructions) must file FFIEC 031.
- --------------------------------------------------------------------------------
NOTE: The Reports of Condition and Income must be signed by an authorized
officer and the Report of Condition must be attested to by not less than two
directors (trustees) for State nonmember banks and three directors for State
member and national Banks.
The Reports of Condition and Income are to be prepared in Accordance with
Federal regulatory authority instructions.
I, Thomas J. Mastro, Comptroller
- -------------------------------------------------------------------
Name and Title of Officer Authorized to Sign Report
Of the named bank do hereby declare that the Reports of Condition and Income
(including the supporting schedules) for this report date have been prepared in
conformance with the instructions issued y the appropriate Federal regulatory
authority and are true to the best of my knowledge.
/s/ Thomas J. Mastro
- -------------------------------------------------------------------
Signature of Officer Authorized to Sign Report
6/30/2003
- -------------------------------------------------------------------
Date of Signature
We, the undersigned directors (trustees), attest to the correctness of the
Report of Condition (including the supporting schedules) for this report date
and declare that it has been examined by us and to the best of our knowledge and
belief has been prepared in conformance with the instructions issued by the
appropriate Federal regulatory authority and is trust and correct.
/s/ Richard G. Jackson
- ----------------------------------------------------------------------------
Director (Trustee)
/s/ Nicholas G. English
- ----------------------------------------------------------------------------
Director (Trustee)
/s/ Karen B. Shupenko
- ----------------------------------------------------------------------------
Director (Trustee)
- --------------------------------------------------------------------------------
Submission of Reports
Each bank must prepare its Reports of Condition and Income
either:
(a) in electronic form and then file the computer data file directly with the
banking agencies' collection agent, Electronic Data Systems Corporation
(EDS), by modem or on computer diskette; or
(b) in hard-copy (paper) form and arrange for another party to convert the
paper report to electronic form. That party (if other than EDS) must
transmit the bank's computer data file to EDS.
For electronic filing assistance, contact EDS Call Report Services,
2150 N. Prospect Ave., Milwaukee, WI 53202, and telephone (800) 255-1571.
To fulfill the signature and attestation requirement for the Reports of
Condition and Income for this report date, attach this signature page (or a
photocopy or a computer-generated version of this page) to the hard-copy record
of the completed report that the bank places in its files.
- --------------------------------------------------------------------------------
FDIC Certificate Number: 91271 The Bank of New York Trust Company of Florida, N.A.
----------- -------------------------------------------------------------
(RCRI 9050) Legal Title of Bank (TEXT 9010)
Miami
-------------------------------------------------------------
City (TEXT 9130)
FL 33131-2974
-------------------------------------------------------------
State Abbrev. (TEXT 9200) Zip Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
The Bank of New York Trust Company of Florida, N.A. FFIEC 041
Miami, FL 33131-2974 RC-1
------------
10
------------
FDIC Certificate Number - 91271
Consolidated Report of Condition for Insured Commercial
And State-Chartered Savings Banks for June 30, 2003
All Schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
Schedule RC - Balance Sheet
Dollar Amounts In Thousands
- -----------------------------------------------------------------------------------------------------------------------------------
ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): ............................. RCON Bil/Mil/Thou
a. Noninterest-bearing balances and currency and coin (1) ........................................... 0081 4,501 1.a
b. Interest-bearing balances (2) .................................................................... 0071 6,098 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, Column A) ....................................... 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D) ..................................... 1773 8,620 2.b
3. Federal funds sold and securities purchased under agreements to resell
a. Federal funds sold ............................................................................... B987 0 3.a
b. Securities purchased under agreements to resell (3) .............................................. B988 0 3.b
4. Loans and lease financing receivables: (from Schedule RC-C)
a. Loans and leases, held for sale .................................................................. 5369 0 4.a
b. Loans and leases, net of unearned income ............................................... B528 0 4.b
c. LESS: Allowance for loan and lease losses ............................................. 3123 0 4.c
d. Loans and leases, net of unearned income, allowance, and reserve (item 4.b minus 4.c) ............ B529 0 4.d
5. Trading assets ..................................................................................... 3545 5.
6. Premises and fixed assets (including capitalized leases) ........................................... 2145 1,332 6.
7. Other real estate owned (from Schedule RC-M) ....................................................... 2150 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) ........... 2130 8.
9. Customers' liability to this bank on acceptances outstanding ....................................... 2155 9.
10. Intangible assets
a. Goodwill ......................................................................................... 15,127 10.a
b. Other Intangible assets (from Schedule RC-M) ..................................................... 3163 507 10.b
......................................................................................................... 0426
11. Other assets (from Schedule RC-F) ................................................................... 2160 1,150 11.
12. Total assets (sum of items 1 through 11) ............................................................ 2170 37,335 12.
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held fr trading.
(3) Includes all securities resale agreements, regardless of maturity.
The Bank of New York Trust Company of
Florida, N.A. FFIEC 041
Legal Title of Bank RC-2
Transmitted to EDS as 0196815 on 7/30/02 at
11:13:43 CST
FDIC Certificate Number = 91271
- ---------------------------------------------
------
11
------
Schedule RC - Continued
Dollar Amounts In Thousands
- -----------------------------------------------------------------------------------------------------------------------------------
LIABILITES
13. Deposits: ........................................................................................... RCON Bil/Mil/Thou
a. In domestic offices (sum of totals of columns A and C From Schedule RC-E) ........................ 2200 1,661 13.a
(1) Noninterest-bearing (1) .......................................................... 6631 717 13.a.1
(2) Interest-bearing ................................................................. 6636 0 13.a.2
b. Not applicable
14. Federal funds purchased and securities sold under agreements to repurchase
a. Federal funds purchased (2) ...................................................................... B993 0 14.a.
b. Securities sold under agreements to repurchase (3) ............................................... B995 0 14.b
15. Trading liabilities (from Schedule RC-D) ........................................................... 3548 0 15
16. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases)(from Schedule RC-M) ............................................................. 3190 6,000 16
17. Not applicable
18. Bank's liability on acceptances executed and outstanding ............................................ 2920 0 18
19. Subordinated notes and debentures (4) ............................................................... 3200 0 19
20. Other liabilities (from Schedule RC-G) .............................................................. 2930 3,266 20
21. Total liabilities (sum of items 13 through 20) ...................................................... 2948 10,927 21
22. Minority interest in consolidated subsidiaries ...................................................... 3000 0 22
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus ....................................................... 3838 0 23
24. Common stock ........................................................................................ 3230 750 24
25. Surplus (exclude all surplus related to preferred stock) ............................................ 3839 4,299 25
26. a. Retained earnings ................................................................................ 3632 21,356 26.a
b. Accumulated other comprehensive income (5) ....................................................... B530 3 26.b
27. Other equity capital components (6) ................................................................. A130 0 27
28. Total equity capital (sum of items 23 through 27) ................................................... 3210 26,408 28
29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28. .............. 3300 37,335 29
Memorandum
To be reported only with the Report of Condition.
1. Indicate in the at the right, the number of the statement below that best describes the RCON Number
most comprehensive level of auditing work performed for the bank by independent external --------------------
auditors as of any date during 2002 ................................................................. 6724 N/A M.1
1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm which
submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified public
accounting firm which submits a report on the consolidated holding company
(but not on the bank separately)
3 = Attestation on bank management's assertion on the effectiveness of the
bank's internal control over financial reporting by a certified public
accounting firm.
4 = Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
5 = Directors' examination of the bank performed by other external auditors
(may be required by state chartering authority)
6 = Review of the bank's financial statements by external auditors
7 = Compilation of the bank's financial statements by external auditors
8 = Other audit procedures (excluding tax preparation work)
9 = No external audit work
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Report overnight Federal Home Loan Bank Advances in Schedule RC, item 16,
and "other borrowed money."
(3) Includes all securities repurchase agreements, regardless of maturity.
(4) Includes limited-life preferred stock and related surplus.
(5) Includes net unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow hedges, and minimum
pension liability adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership Plan shares.