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F1Greenwest

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F1Greenwest

Re: BREAKER098 post# 713850

Wednesday, 03/09/2022 8:16:55 AM

Wednesday, March 09, 2022 8:16:55 AM

Post# of 793528
braford expects a conversation like the one that happened in 'citigroup'. in that case, the conversion was voluntary and I think with F&F too. If the deal is not advantageous, no one will convert pfds for commons. either they pay the 'par' value or they pay interest in perpetuity, that is indicated in the preferred contract see 'optional redemption'.

https://www.citigroup.com/citi/news/2009/090227a.htm
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