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Replies to post #277 on AICI Capital Trust 9% Pfd (fka AICPQ)

Replies to #277 on AICI Capital Trust 9% Pfd (fka AICPQ)

Enterprising Investor

12/31/15 9:55 AM

#279 RE: db7 #277

Represents the equity invested in AIC.

If AIC was liquidated today, $20 million would flow to AICIQ upon redemption of the surplus notes and the remaining shareholders' equity would flow to AICIQ.