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Re: cgavin5 post# 78080

Thursday, 01/24/2019 2:05:54 PM

Thursday, January 24, 2019 2:05:54 PM

Post# of 111413
Ron, I have convertible bonds only in a mutual fund.
What is a Make Whole Call (Provision)
A make whole call provision is a type of call provision on a bond allowing the issuer to pay off remaining debt early. The issuer typically has to make a lump sum payment to the investor derived from a formula based on the net present value (NPV) of future coupon payments that will not be paid incrementally because of the call combined with the principal payment the investor would have received at maturity.
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