Lehman Preferred Series "J" Preferred (fka LEHJQ)

[surfstocks]

I do believe that's how it works...Capital trusts get paid first if some is left over then the preferreds get paid, if there's some left over then the commons get paid. You should be picking up some Cap trusts just in case.

I'm not sure if they could make a deal on the Cap trusts and preferreds at the same time though. I have thought that in the past. Does anyone have any insight on that....Coach,brikk??