First Preferred Capital Trust IV (FBS-A)

[mrholty]

EI-

followed you over here. So if I have it right they are offering the right to propose a buyout of some sort for holders of FBS-A. The devil is in the details of at what % and when. For a bank to be paying 8.5% I can understand why they want to eliminate this. Any idea on what its worth. I've tried to figure out where they pay for their dividend payment as they should be able to reduce their costs considerably at this lower interest rate environment but I have no idea on what they will offer to preffered holders.