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Countrywide Capital V (New) 7.0 Message Board

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  • wheelbarrowme wheelbarrowme Jul 20, 2011 3:01 PM Flag

    few shares available...pushing up price

    You are correct on all accounts. However, the issuer of any trust preferred selling for less than $25, like BAC-PU @ about $23, can offer below $25 if holders voluntarily accept less than $25, particularly under a threat of the issuer suspending interest for 20 quarters allowed in the prospectus and required by government regs for trust preferreds.

 
CFC-PB
25.56+0.01(+0.04%)Aug 4 4:00 PMEDT