Facts? You should know that IPO preferreds sell in increments of $25, $50 and $100. The market place rules, and the market dropped the price of BAC preferreds because of high risk that BAC will suspend payments for up to 5 years. Preferreds, as we know, are not CD's. Enjoy your windfall, while the IPO purchasers get screwed. By the way, it is not necessary to compulsively tell every thread author what they have posted.