Post by
RagingBull3 on Nov 17, 2020 10:33am
There's about 40,000,000 Preferreds Outstanding
I would guess that over 90% would not sell their shares at current Prices. The majority are holding for the Dividends. Add the tempoary nature of Covid-19, current share prices do not reflect "Fair Value". If anything reflects "Fair Value" it's what the Terms of the Preferreds state, which I believe is $25/share.
Even at $25/share the yield on the C, E, G would still be significant!
Plus, As long as there's value on the Commons, the $25/share on the Preferreds should be intact.
All just my opinion....