RE:RE:RE:RE:RE:RE:RE:RE:Solvency test.Uber, nice buy on the prefs - much less risk at this point and the upside may be similar (3x). After the suspension of dividends, the prefs seem to be trading based on the probability of a buyout / windup scenario. All classes are trading at approx the same price. However, since pref dividends are cumulative, the C shares are accumulating at a much higher effective rate than either the As or Bs (18+% vs 13.xx%). If the Bs can be swapped for Cs at the same price, I think it would be wise to do so. May be difficult because the prefs are not that liquid. I was able to swap some of mine late last week.
The only other consideration to explain the share price parity would be if there were better provisions in the A/B shares versus the Cs. I have not reviewed the prospectuses in detail. Usually, the terms, conditions and rights are very similar from one issuance to the next.