Replies to post #518 on Lehman Brothers Holdings Inc. (fka LEHCQ)

[OTC BB King]

The face value refers to the face or liquidation value of the preferred shares. The LEHCQ and LEHDQ shares have a $50 face value. The LEHPQ's have a $1000 face value. All the others have a $25 face value. So if the $50 face value LEHCQ shares receive a 20% distribution, that would be $10 per share!