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mrholty

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mrholty

Re: DennyCrane550 post# 3290

Tuesday, 06/17/2014 12:54:08 PM

Tuesday, June 17, 2014 12:54:08 PM

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Thanks Denny.

For whatever reason I thought that the preferreds were based on par of $25 and were trading on the assumption of a PAR +catch-up payment (for deferred dividends) like most bank stocks. Should have spent some time really looking at them. At a trade of $40 it would still be quite the run to $100 and you are getting PIKs right now.

I may trim some of my common and move partly up the ladder.
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