Scottish Re Group Ltd Perp Pfd (SKRUF)

[bwana12]

They are paying UBS $0.50 cents per share actually tendered, out of kindness maybe? Or do they feel it might prove difficult to get people to participate? (It might actually just be the case that a bunch of these securities are in large portfolios whose managers might be too distracted to pay attention to them. I bet Lehman must have had a significant amount).