First Preferred Capital Trust IV (FBS-A)

[Enterprising Investor]

There is a range of potential outcomes.

Par plus accrued dividends ($28.06) would be a home run. However, I expect an initial exchange offer resulting in values offered in a range from $5.61 to $11.22 (20 to 40 percent of par) similar to PCBC. The final value could be higher.