InvestorsHub Logo
Followers 27
Posts 4324
Boards Moderated 0
Alias Born 02/19/2020

Re: HappyAlways post# 611411

Monday, 05/25/2020 8:49:26 PM

Monday, May 25, 2020 8:49:26 PM

Post# of 798416
Nope...buying at par gives many JPS the "windfall" since most have bought below par. Government and financial advisors will come up with an average based on purchases for a time period. Some pref's will do better than others, but those who bought a $50 par pref for $7, I highly doubt will get $50 or $50+.
Last buyout number the pref cheerleader Pelagria (sp?) Bounced was 80%.
I'm thinking there may even be a laddered payout to pref buyers based on when shares were purchased.
Remember the words...NO WINDFALL. that mean pref's as well as commons. Anything the government does special for pref's is handling them like a direct claim, and would need to do the same for commons.