Replies to post #43 on AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

You are on the right page.

Each AICPQ is owned $30.31 ($25 in principal and $5.31 in interest). I envision a payout to holders that could be somewhere in the $3 to $4 range.

It's also possible that Granite Re and Buchanan settle their claims for less than $9 million and $13 million, respectively. This would enhance the recovery for AICPQ holders, but there is no guarantee.

All of this will take some time. As previously mentioned, AICPQ could turn out to be similar to LSRAF.

Finally, AICIQ also has an unknown amount of NOLs available should someone file a plan to convert from Chapter 7 to Chapter 11 at a much later date. Exclusivity has ended for the Debtor.