Lehman Brothers Financial SA (LEHNQ)

[camaro4me]

CTs are pari passu with the most senior preferred stocks owned by LBIE and hence should have gottan a dividend also.

Why are CTs holders being biased against?

Lbie

Following the Joint Administrators' announcement dated 18 December 2020, the Joint Administrators have consented to a further request from the LBIE directors to make a distribution by way of dividend to LB Holdings Intermediate 2 Limited ("LBHI2"), as sole holder of LBIE's preferred equity, in the amount of £115m. This distribution was made on 21 January 2021 and brings the total distributed to date to LBHI2, in respect of its preferred equity, to £244m.