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toogoodfella

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toogoodfella

Re: None

Sunday, 01/31/2021 9:11:57 AM

Sunday, January 31, 2021 9:11:57 AM

Post# of 111699
Holdings has the right to appoint, remove and replace the trustees. If an event of default occurs under the subordinated indenture, the holders of a majority in liquidation amount of the preferred securities will have this right.
——///———

The point is the trust can be discharged but the securities remains.

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