Replies to post #100298 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

CTs' Missed Equity Payout by Holdings?

Any Any Any...

This distribution was made on 14 October 2021 and brings the total distributed to date to LBHI2, in respect of its preferred equity, to £337m.

https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/announcement-of-additional-preferred-equity-distribution---8-nov.html

SCOTUS Basis:

Quote:
Upon any voluntary or involuntary liquidation or bankruptcy of Holdings, the property trustee, as holder of the subordinated debentures, would be a subordinated creditor of Holdings, subordinated in right of payment to all senior debt as set forth in the subordinated indenture, but entitled to receive payment in full of principal and interest before any stockholders of Holdings receive payments or distributions.


https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm