BB&T Corporation Message Board
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What happened with the preferreds ?????
Why they are falling so much?
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They are subject to possible early redemption
- 2 Replies to the_big_trader1
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early redemption is possible after all. This is from Quantumonline.com
Notes: This security is possibly subject to an early call as a result of the occurrence of a capital treatment event (see prospectus for further information) stemming from the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. -
not an accurate statement, show me where that is stated or implied.
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Scottrade shows the call date as 8/1/2014 for BBTpB. Is this correct?
- 1 Reply to tlewe
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correct Aug 2014, something else is going on, maybe a liquidation.
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Panic selling on much higher volume. They're recovering some. The A get called on 9/13, B 8/14 and C on 11/14. The premium above par therefore, will approach 0 at date of redemption.
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