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Of course they can. It's voluntary. RAS would just be offering a slight premium to market and it's done all the time. The first ones to the door get out at $10 per share:-)I hope they do it. They can buy up the debt at a discount bit by bit, but the prefereds will are so thinly traded and spread out that the only way to do it would be to do a dutch auction.Now would be a great time.