EOS Preferred Corp Series D Pfd (fka EOSPN)

[h_man_investor]

All valid points but unlikely. It's unfortunate that this entity is stuck as part of a bank who owner is in bankruptcy. Otherwise this wouldn't be an issue and dividends would have been reinstated long ago.

Dividend payments are going to be hit or miss. The OCC is in complete disarray with the integration of all the banks previously regulated by the OTS. When the OCC looks at EOS it sees a mess- REIT subsidiary of a "problem" bank that's owned by an investment bank in bankruptcy.

Eventually they will get it and allow the resumption of dividends. Or Feb 28 rolls around and they make Aurora liquidate.

In theory EOS could be "spun out" to the Lehman estate. But since this isn't a growing or profitable business and creditors want their $ they would liquidate or sell to another bank (who hopefully is in better shape). Any sale or liquidation will require court approval, so even if the creditors try to "raid" EOS we have a voice and no judge would allow it.

I wish those selling shares would post comments as to why to get a better understanding. At these prices even without any future dividends it seems like a steal.