American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

RE:HOT

[perplexed01]

here is my understanding as someone who holds corporate bonds purchased thru my brokerage accounts.  the price paid includes the (pro-rated) value of accrued interest since on coupon date interest is paid only to the owner of record. settlement is 2 bank days from the transaction date so "ex" date is same as stocks.  i also suggest you phone or chat with your brokerage acct rep and ask the same questions even if you buy online.  hope this helps