The Capital Preferred Trusts as I understand it...Lehman raised money thru selling shares of the Trust. Money from the sales of the shares of the Trust were used to purchase bonds issued by LBHI. They are "guaranteed by LBHI.
The Trustee holds the Bonds and "used" to collect payment of interest, etc.
The Trustee of each Captial Preferred Trust has an "accepted" claim for the Face Value of the amount of the Bonds. Which you can find in the claims area on the website. In general, the Lehman bonds currenty trade anywhere from 15-25% of value.
So, if the bonds of the Trusts were trading in the marketplace (now held by the Trustee) the Trusts would be priced around 15-25% of the face value.
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