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Re: None

Friday, 04/22/2011 9:49:31 AM

Friday, April 22, 2011 9:49:31 AM

Post# of 15495
"As of June 30, 2009, Corus had $417.8 million in floating rate junior subordinated notes (the “Debentures”) which included the original issuance of $404.6 million in Debentures, as well as $13.2 million in deferred interest payments related to those Debentures. The Debentures were issued to unconsolidated subsidiary trusts of the Company (the “Trusts”). Each Trust’s sole purpose is to issue Trust Preferred Securities, and then use the proceeds of the issuance to purchase debentures with terms essentially identical to the Trust Preferred Securities, from the Company."

Does anyone have information on how to lookup these Trust Preferred Securities? They were referred as Corus Statutory Trust I, II, III...XII and XIII at one point in the past.

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