JC Penney Corts Tr Debentures (COTRP)

[GBExpress]

Thank you for sharing. I think “redemption in full” means the COTRP will cease to trade. I think $4MM of the $100MM par value will be paid out (4%) which equates to $1/share ($25 par x 4%). It also mentioned interest which I thought ceased to accrue when bankruptcy was declared, but perhaps there is additional consideration here. The semi annual payment for KTP was $.92/share, I think there’s been 3 missed payments thus far... this is my reaction to that notice. I can’t guarantee it’s accurate. All interpretations are welcome (well... most all interpretations haha).