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mrholty

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mrholty

Re: rockraider3 post# 7056

Monday, 06/27/2016 2:05:47 PM

Monday, June 27, 2016 2:05:47 PM

Post# of 11618
I've been wondering about this and thought this was the most likely scenario as the idea has been banded about since back to 2011.

I've been assuming that the Surplus notes trade around 70 (do I have that correct? - I 'd believe there is a CUSIP - does it trade.

If that was the case I was hoping they would be able to buy a bunch at the discount and retire it. That would be accretive to book value. Also, if NYSID allows them to make dividend payments to the parent I would assume that they would be close to allowing them to write new business.

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