Scottish Re Group Ltd Perp Pfd (SKRUF)

[nick38]

Seems like there is not a ground swell of people with Pros and Cons. The first question we need answered is: Under what circumstance must Scruf pay the Dividend. I haven't been reading the financial notes (just a lazy loser) but I speculate that the hedge funds and other new owners are restricted in receiving dividends in some way by the Preferred senior position in dividend payment. If anyone has read up on this it would be helpful to know how desperately "Scottish Re Group" needs to get rid of the Preferred. If we had a handle on that then the decision to tender at $16.00 (or not) would be easier.