TSX:RPR.DB - Post by User
Comment by
rad10on Jun 26, 2024 8:27pm
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Post# 36108113
RE:RE:RE:RE:RE:RE:Surprised here
RE:RE:RE:RE:RE:RE:Surprised here
CrazyTrader wrote: Wow Northforce13, good to know. Seems strange for a buyer to have to pay the interest when the company may never pay.
I assume that's not how it works for stocks and Prefer shares.
correct preferred and common shares have ex dividend dates. Debentures trade like bonds with accrued interest paid to the seller.
If you are paying 3 cents on the dollar which was the offer on one of the debenture series before market open. The overall cost basis would double with accrued interest payable.