Replies to post #87 on Scottish Re Group Ltd Perp Pfd (SKRUF)

[h_man_investor]

The only case where the 8.5% preferreds are senior is when there is a liquidation or wind up. Both would not result in a change of control. However, you can play games and trigger the CIC as long as 51% if the business is sold.

My belief is that MM and Cerb will not let this happen.