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BB&T Corporation Message Board

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  • otcguru2005 otcguru2005 Mar 14, 2012 9:14 PM Flag

    Preferred Calable?

    true, it can be called at anytime.

    the only thing is if the bank is interested in retiring a security that is considered to be an 'equity' not a 'debt' until 2014.

    plus, it raised the dividend for common stock - so i'm not sure if the company can raise the dividend and retire the preferred at the same time given the credit market situation.

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    • Good article. The pfd are callable anytime and will be redeemed at $25/share plus accrued interest. I think bbt has hedged their pfd trust which has already significantly lowered the cost of their long term debt. There possibly could be some gain to be booked should the bank called the pfd in 2012.

      Info on quantumonline should be disregarded because the Fed initiated a trigger event.

 
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