W2007 Grace Acquisition I, Inc. (fka WGCBP)

[h_man_investor]

Before someone asks why Whitehall/GS would screw over their own preferreds keep in mind that for every dollar they avoid paying out to the preferred shareholders, yes they give up 58.8 cents but gain an additional 41.2 cents. It's just going from one hand to another.

With a payout of the accrued interest, PDF will more than get their investment back and then some.