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lifegear

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lifegear

Re: WIDESPREAD PANIC post# 161

Wednesday, 03/11/2009 7:26:42 PM

Wednesday, March 11, 2009 7:26:42 PM

Post# of 220
could they end up converting this preferred to common stock for merger purposes?

conversion at 25 per share

AHM still owns a bank I think

AHM: Closes $125M PIPE; Convert Trust Preferred Securities

Thursday , June 28, 2007 14:46ET

On June 28, 2007, American Home Mortgage Investment Corp (NYSE: AHM) announced that it has issued in a private placement $125 million of convertible trust preferred securities to funds managed by Marathon Asset Management, LLC. The trust preferred securities pay a dividend of 9.75% per annum, and are convertible into common stock at an initial conversion price of $25.57 per share. The proceeds will be used to purchase 9.75% junior subordinated convertible debentures, due July 1, 2037, in the principal amount of $128,866,000 issued by the Company.

Disclaimer: I'm not a paid promoter, broker nor an officer of a public company. My posts in certain stocks should not be construed as a recommendation to buy or sell such securities.

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