Lehman Brothers Financial SA (LEHNQ)

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The best preferred stock that LBHI had redeemed is by Neuberger Berman at 25 dollars a share during the bankruptcy as Waske said. That is EQUITY and not debt.

I associate ECAPs as a parity subdebt getting paid. They also qualify as a most senior preferred shares of an affiliate.

The big parity payout is with Neuberger folks. That equals to RV for us.