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hestheman

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hestheman

Re: Ace_of_Wands post# 20453

Tuesday, 01/22/2013 3:33:39 PM

Tuesday, January 22, 2013 3:33:39 PM

Post# of 111664
AOW.... read my post #20436 below and the link. Yes...you are correct in your statement. However, all CT's ARE CUMULATIVE. The traditional preferreds, such as LEHPQ are not. Interestingly enough, in the link to the article in my post....the guy does not mention the CTs of Lehman because these do indeed meet the criteria of "high quality" preferreds (cumulative) but he only mentions traditional preferreds.
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