Replies to post #49692 on Lehman Brothers Financial SA (LEHNQ)

[irishintelligence]

They are completely up to date on the dividends. They paid the CT back dividends, and continue to pay existing the CT dividends.

Payments made to CTs are reallocated to higher classes. Section 6.4 of the POR.

[camaro4me]

Frank Dodd wants CTs redeemed.

"•TRUPS issued before May 19, 2010, by larger bank and thrift holding companies will continue to be treated as Tier 1 capital until January 2013. At that time, the Tier 1 capital treatment will be phased out over a three-year period ending in January 2016. The specifics of this phaseout of Tier 1 capital treatment are to be determined by the bank regulators."

http://www.mondaq.com/unitedstates/x/188842/Financial+Services/Treatment+Of+Trust+Preferred+Securities+Under+DoddFrank

No reason for them to redeem at this point...The redemption date on my CT's is 2053 unless they chose to redeem...Things I do think about

[Jimzin]

LBHI doesn't have to pay interest on CTs because they are a company in BANKRUPTCY.
That changes EVERYTHING.

Cheers