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RumplePigSkin

11/28/20 12:35 AM

#646432 RE: HappyAlways #646431

See Fence’s post - plus you may want to review the first set of exhibits about halfway thru the cap rule.
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mrfence

11/28/20 12:40 AM

#646434 RE: HappyAlways #646431

Cet1 Capital rule has to be met before paying any dividends or take on excess risks, diversify, etc. so JPS won't see any valuation near par until minimum Cet1 requirements have been met.