Replies to post #20 on Cit Grp. Pfd A (fka CIT-A)

[marayatano]

I know A, C and Government's preferreds have the same order of priority. So one will not be saved over the other.

Z has an undivided interest in bonds.

All will eventually be on the pinks.

It is to be assumed that preferreds and commons will not survive after emergence from BK.

Good luck. I hope you did not put too much in to CIT A.

imo