Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

LB UK IV TRuPS and LB UK V TRuPS and LBHI's TRuPS are pari passu with LBHI’s preferred equity.

LB UK IV TRuPS and LB UK V TRuPS notes are in class 10A.

LBHI's TRuPS notes are in class 10B.

LB UK IV TRuPS and LB UK V TRuPS and LBHI's TRuPS are junior to class 10A and class 10B notes.

All the talk is about paying LB UK IV TRuPS and LB UK V TRuPS and not their notes in class 10A in the June 23, 2017 Joint Liquidators notice.

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See docket 32652 for more details.

"1. The proofs of claim listed on Exhibit A annexed hereto relate in whole or
in part to securities identified by ISIN XS0282978666 or ISIN XS0301813522 (the “Preferred
Securities”) issued by Lehman Brothers UK Capital Funding IV L.P. (“LB UK IV”) or Lehman
Brothers UK Capital Funding V L.P. (“LB UK V” and, together with LB UK IV, the “Trusts”),
non-Debtor entities. LBHI issued guarantees in connection with the Preferred Securities
(together, the “Subordinated Guarantees”) which rank LBHI’s obligations, if any, junior to all
subordinated liabilities of LBHI and pari passu with LBHI’s preferred equity."

"Cotton, if one CT gets paid dividends or if there is movement, all 4 CTs get paid or move together right?" Each CT has six degrees of freedom (24 DOF)! Nothing is a sure thing in this play! So we wait for news!


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During any deferral period, neither Holdings or any of its subsidiaries will be permitted to:

•
pay a dividend or make any other payment or distribution on Holdings' capital stock;


•
redeem, purchase or make a liquidation payment on any of Holdings' capital stock;


•
make an interest, principal or premium payment, or repay, repurchase or redeem, any of Holdings'
S-13


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debt securities that rank equal with or junior to the subordinated debentures; or

•
"

https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm