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Replies to post #42 on AICI Capital Trust 9% Pfd (fka AICPQ)

Replies to #42 on AICI Capital Trust 9% Pfd (fka AICPQ)
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LouMannheim

11/10/10 5:07 PM

#43 RE: Enterprising Investor #42

After reviewing the 8-K, I think I got it?

You are projecting that AICIQ will get $18 to 20 million from AIC, which can be used to pay $138 million in liabilities. Creditors appear to be getting 13 to 14.5 percent on the dollar.