American Airlines Group Inc (AAL)

[junkmanlong1]

oldnick,

No that wont change the last distribution. The last distribution should take into account the optional conversions. It may in fact lower the last distribution. Part of the debt in each distribution is based on 41 million preferred shares. The last distribution will still have 41 million preferred but most of them were the optional conversions. The 1st and 2nd optional were converted at a lower dollar amount therefore that increases to total number of shares that the preferred receive and lowers the shares that AAMRQ receives.

Taking the lower share price in optional into account.
AAL @40 0.1767

JML