No RD, Retained Earnings is Class 19’s Pay-Out. My Expectation for Class 19; Using FJR of 1.95%; $20.78B x .0195(1.95%) x 16y = $6.48B interest generated on RE. $20.78 + $6.48 = $27.26B That’s 2.726X FV per share. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697100 Another 2.2X FV for Series R. No 75/25 to the end. It’s all about property rights. Ron