WithCatz, your thoughts (Subject: Liquidating Trust):
Preffereds looks like 70% of liquidating trust after Subordinated Claims are paid. (But the $ stops at H's, so I don't how subordinateds claims are getting paid). This is one fudged up DS/POR.
Dimeq states pari passu w/ commons, but does NOT state after prefferds are paid to receive distribution, HOWEVER, after Subordinated Claims. It skipped preffereds to be paid. I find that very strange and disturbing.
Same with commons, states pari passu w/ dimeq, but does NOT state after prefferds are paid to receive distribution, HOWEVER, after Subordinated Claims. It skipped preffereds to be paid. I find that very strange and disturbing.
Thoughts? Looks like we share with commons/dimes and no regard to APR, other than may be the 70/30 split, (but really that 70/30 split is a 3 way split, 33.33/33.33/33.33 REITS/P&K/Commons/Dimeq)
I wonder if we are getting more shafted as prefferds.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.