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Re: stoxjock post# 94964

Wednesday, 08/25/2021 2:47:16 AM

Wednesday, August 25, 2021 2:47:16 AM

Post# of 111176
The "issued" means issue debt, not stock. The banks issue debt to the trust and sell the preferred stocks of the trust to investors or to the open market.

The preferred stocks are underwritten in trups.