EOS Preferred Corp Series D Pfd (fka EOSPN)

[Kharybdis]

You just described why it makes sense to me to take a position here. Going further, even if the Bank is sold and the Series D Prefs don't get taken out you still probably trade back near par or perhaps even above par in this rate environment, depending on the buyer, when the holdco is no longer a sub of an entity in Chapter 11 bankruptcy and divs get paid regularly without needing quarterly approval.