Same here. Own both, but very heavy in FTRPR(preferred). The twenty for 1 share of preferred is a real game changer.One will do very well with this deal. Preferred share price is owing to a incredible high paid out dividend. 1,000 shares got $2,781.,.. after slight sales comm. SO if one purchases 1,000 shares now they will get $11,124. in dividends prior to getting 20 shares of common for each share of preferred! If the share price of the common is say 3.00 one with 1,000 shares get $60,000!! Cost tomorrow is $29,750. Subtract the paid divy of $11,124.You then have a cost of $18,626. O.K., now be conservative and call FTR Common at 2.50 per share. That is $50,000. Subtract cost of $18,626.You net $31,754. in one year. No wonder Cramer at The Street and others on Wall St. are buying all over the place!
GL.
