W2007 Grace Acquisition I, Inc. (fka WGCBP)

[Enterprising Investor]

I truly believe the $1 represents only a settlement for "damages".

What we do not know is if PFD Holdings, LLC can now continue to buy up shares at a discount in the open market?

DCAQP is another distressed preferred situation I have been following for years. I finally bought shares in May. It turns out that my timing was pretty good as all unpaid accrued dividends will be paid 9/15/14. DRA CRT Acquisition Corp. went private and kept its preferred holders in the dark just like W2007 Grace.

The company provided this link for information:

https://www.draadvisors.com/crt.aspx