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junkmanlong1

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junkmanlong1

Re: oldnick post# 15380

Monday, 03/03/2014 4:54:00 PM

Monday, March 03, 2014 4:54:00 PM

Post# of 36851
oldnick As I recently said the cap is only on the preferred part of the debt. If you look on aa.com .. investor relations .. equity distribution you will see 2 pdf files.


Preferred Stock Conversion Calendar - Updated 3/3/14


Certificate of Designation

The certificate of Designation defines the cap. The other document Preferred Stock Conversion Calendar shows the distributions to preferred so far. If you look at the past week in that document you will see the conversion price is capped at $33.808 for the "Conversion Price".

JML
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