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camaro4me

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camaro4me

Re: highwaymap post# 88815

Monday, 06/15/2020 6:57:31 PM

Monday, June 15, 2020 6:57:31 PM

Post# of 111152
CTs are in parity with all senior preferred stocks, so should have been redeemed.


Neuberger Berman redeemed preferreds and common stock held by LBHI. So did others. In the future, my understanding is LBHI cannot issue new stock as long as the CTs are still outstanding. The CTs cannot be discharged unless certain conditions are met.
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