Lehman Preferred Series "J" Preferred (fka LEHJQ)

[Mr. Ask]

taken from the latest mor maybe this will somewhat clear up why the assets here in this category are taking a shot...

September 14, 2008. Adjustments may be required in future MORs (including write-downs and write-offs), as amounts ultimately realized may vary materially from amounts reflected on the Balance Sheet. Affiliates that incurred cumulative net operating losses in excess of capital contributions are reflected as a negative amount in investments in Affiliates on the Balance Sheet.