FYI, page 58 of bbt 1st qtr. 2011 q statement says that they'll call the preferred trust shares at the end of 2013. Looks like you have 31 months to call date. If you hold the shares until then, you'll have to deduct say $.40 to $.60 interest per year from the annual interest payment to account for the amortization of the share premium. Current yield is in the 6% to 7% range.
No need to panic. I would sell if shares" pop" some.