Replies to post #20924 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

JW, ty, can't argue with that.

[camaro4me]

"distributions will be paid to holders of record of the preferred securities as they appear on the securities register of the trust "

This is troubling. I bought CTs with my etrade account. Received no request to register them any special way. Hope I get my distribution.

[stockbum9]

Yessss indeedy! Thanks for posting that info!

I was assuming this to be the case, but didn't look into it to confirm.

One thing I've always wondered about is the reasoning behind folks who had purchased CT's prior to Sept 08 at full FV or higher, deciding to sell for pennies on the dollar with a double whammy of giving up deferred divis.

I'm guessing the majority of folks on this board are here as buyers post-bankruptcy, but if there are any pre-Sep 08 holders I wish you all the luck in the world! Here's to a full recovery, and then some!

[hestheman]

If distributions are deferred, the deferred distributions on such distributions would be paid to holders of record of the preferred securities as they appear on the securities register of the trust on the record date following the termination of the deferral period. The way I interpret this is that if the securities register shows you purchased shares at a certain date, you will only receive dividends from the dates at which you purchased them. While the former owners/sellers of the stock will not receive those dividends, most likely those dividends will go back into company/trust (most times in a trading stock if the dividend does not go to the buyer or seller then the unpaid dividend value will reflect in the PPS of the stock) In this case, the money will most likely just go back to the company.