Indeed.I have held the L and the N series for a long time. Indeed the L kept paying while the N (and a lot of others) did not for two years. What is interesting is the price disparity between the two. The L series has a lower coupon than the N, and the L trades for about a point or two less than the N. So, Mr. Market is saying "I would rather accept a slightly lower coupon with some assurance that I will get paid than own the higher coupon with some doubt about it being paid". The market currently prefers the L series with some assurance that it will be paid than the higher coupon which could be suspended again at any time. Like I said, I own them both and by the way, they both qualify for the 15% maximum tax rate.