I called IR on Friday and wasn't given any details on date of declaration.....advised that this would be insider trading. However as cc referred to $75m required for balance of 2009 for preferred dividends and miscellanous, I HOPE that the preferred dividends are not in danger. Additionally have read through the Fitch downgrade details, the preferred shares are now rated at only a 0-10 % chance of any recovery !
What does "you get $1.00 in a week plus $0.50 on the D's" mean? Isn't the dividend for each series approx. $0.50? I apologize, but I don't understand the statement. Can you offer some clarity please? Thanks.