Replies to post #15380 on American Airlines Group Inc (AAL)

[junkmanlong1]

oldnick the cap is in the equity distribution documents on aa.com and it is $33.808. That is the 96.5% discounted number so the actual stock price cap is $35.0342.

JML

[junkmanlong1]

oldnick As I recently said the cap is only on the preferred part of the debt. If you look on aa.com .. investor relations .. equity distribution you will see 2 pdf files.


Preferred Stock Conversion Calendar - Updated 3/3/14


Certificate of Designation

The certificate of Designation defines the cap. The other document Preferred Stock Conversion Calendar shows the distributions to preferred so far. If you look at the past week in that document you will see the conversion price is capped at $33.808 for the "Conversion Price".

JML