TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Apr 17, 2020 1:19pm
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Post# 30922702
RE:RE:I'll be backing up the truck soon on the Preferreds
RE:RE:I'll be backing up the truck soon on the PreferredsI don't think that's True. They are "shares" dispite having a define payout like Debt/bonds.
They are first in line before the Commons in an event of bankruptcy. The most that they will get will be $25/share plus any accumulated dividends in an event of bankruptcy I believe.
They will also get $25 if taken private I think...
In both cases, they will be paid out..... will not take part in any "new" enterprise.
That's my understanding.
Sask78 wrote: Thats not a bad plan. As a prefered you are a creditor then. They go bankrupt at least you still have ownership in the enterprise Plus they can't cut your dividend