This is like Bill Clinton saying he didn't have sex with Monica Lewinsky. Come On! Ya’ll got tricked and lied to and now your in denial.
The language of the 4th anendment is specific. Its prior to not a prior, of course a preferred stock may have a prior but the ranking has changed, as setforth in the 4th Amendment.
El Senor Preferred (so called Senior Preferred) is PRIOR TO, Common ; PRIOR TO Junior Preferred.
You should All Be Happy, Because This Means Going Forward You Will Have Your Dividends.