Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

If a dividend is part of the contract on the preferred it is a debt.

I own BAC stock . I recieved a dividend check today for .50/share [ well actually it will be mailed out today].

Each qtr. BAC isuues a dividend to its shareholder but it is not obligated to pay a dividend each qtr and can change the amount or even suspend the dividend at any time if business conditions warrant it

Read how PBLS preferred dividend works- if the person wants he/she/it can recieve the 6% dividend forever before and after the 60 months- that means to me that the deal wouldn't be completed without that provision- If PBLS has a choice to suspend dividends if business conditions warrant it- that would be a true dividend.

Thanks for your thoughts!