"It is my opinion that only the plaintiffs will get back dividends and legal fees. Hence the $5 billion in the January letter agreement."
As I wrote before in # 670777, $5 billion would be sufficient to pay "back dividends" on all outstanding JPS for the last 2.5 years, if you apply an average dividend of 6 % (as Gary E. Hindes does). Market cap of all JPS is $35 billion at par. 6 % to $35 billion is $2.1 billion.
JPS are junior to SPS. So starting from the year SPS are deemed paid, Collins plaintiffs in the settlement negotiations could ask for JPS dividends to be paid retroactively.
My guess is that SPS were paid in full about two years ago. Every year, the government is entitled to get its $18.7 billion SPS dividend first. Any amount above that can be considered a payment on SPS (principal). HERA allows for SPS repayment in installments. That means the amount of the 10 % interest payments on the remaining SPS gets smaller every year because of reduced principal, more retained earnings are left for SPS repayment, and so on...
Market Data 
Markets 
AI
