Impac Mortgage Holdings (IMH)

[genlou]

"The company completed the aforementioned purchase of 4.4 million shares of its preferred stock, representing a liquidation value of $109.5 million, for $1.3 million plus $7.4 million in accumulated but unpaid dividends. In connection with the purchase, the Company eliminated its $14.9 million annual preferred dividend obligation."The number of preferred shares I reported as being outstanding came from the last earnings report,