RE:RE:Each share of DC.a has $2.17 of DPM - great gold leverage!The Preferreds are 60 cents on the dollar yielding in excess of 8% or 11% in an equivalent interest payment. Fully backed by DPM and giving no value to their other holdings. With yields near 1% on 10 year Government bonds the spread is too compelling to ignore. If the company was doing well they should buy out the Preferreds. So no need to buy commons.