EXHIBIT 99.1

DISTRIBUTION REPORT

FOR

PREFERREDPLUS TRUST SERIES CCR-1

DISTRIBUTION DATE

JUNE 15, 2012

CUSIP NUMBER 740434105

(i)

the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the Countrywide Capital III Subordinated Capital Income Securities Series B (the “Underlying Securities”):

Interest:	$1,006,250.00
Principal:	0.00
Premium:	0.00

(ii)

the amounts of compensation received by the Trustee for the period relating to such Distribution Date:

Paid by the Trust:	$0.00
Paid by the Depositor:	$1,000.00

(iii)

the amount of distribution on such Distribution Date to Holders allocable to principal of and premium, if any, and interest on the Certificates and the amount of aggregate unpaid interest accrued as of such Distribution Date:

Interest:	$1,006,250.00
Principal:	$0.00

Unpaid Interest Accrued:	$0.00

(iv)

the aggregate stated principal amount and, if applicable, notional amount of the Underlying Securities related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date, and the current rating assigned to the Certificates.

Principal Amount:	$25,000,000
Interest Rate:	8.05%
Rating:

	Moody’s Investor Service	Baa3
	Standard & Poor’s Rating Service	BB+

(v)

the aggregate Certificate Principal Balance (or Notional Amount, if applicable) of such Series at the close of business on such Distribution Date.

Class A: ($25 Stated Amount)
Initial Principal Balance:	$25,000,000
Reduction:	(0)
Principal Balance 06/15/12:	$25,000,000

MERRILL LYNCH DEPOSITOR INC PREFERREDPLUS TRUST SERIES CCR-1 8-K