Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

We get bored and need relevant topics to think about while me wait for results. Think about the items below:

1) The CTs' were cancelled by JPMCB on July 25, 2017.

2) The CTs' BNYM's Property Trustee is aware of a new Framework Agreement. Will these Delaware Trusts' continue to hold the CTs' subordinated debentures? No Under Research

Lehman Brothers Holdings has the right to terminate the trust at any time. If Lehman Brothers Holdings decides to exercise this right, the trust will redeem the preferred securities by distributing junior subordinated debt securities to holders of the preferred securities on a proportionate basis.
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Lehman Brothers Holdings has the right to dissolve the trust at any time. If Lehman Brothers Holdings terminates the trust, the trust will distribute junior subordinated debt securities on a proportionate basis
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The guarantee will terminate as to the preferred securities upon full payment of the redemption price of all preferred securities, upon distribution of the junior subordinated debt securities to the holders of the preferred securities or upon full payment of the amounts payable upon liquidation of the trust. The guarantee will continue to be effective or will be reinstated, as the case may be, if at any time any holder of preferred securities must restore payment of any sums paid under the preferred securities or the guarantee.

Source: CTs' Prospectuses