HI everyone; I recently read a piece in Seeking Alpha that refers to BBT's Enhanced Trust preferred Securities. I'm unable to find the stock symbol for this and was hoping someone could help me out? Ex dividend is May 1st and it pays 60 cents thank you in advance for your help good luck to all
They also trade a and c preferred shares. Yes, they are callable at par and I think it's 2013. Personally, I would pass. Bbt just sold a $1.0 billion of 5 year paper at interest rate of around 3.25% so why would they continue to pay 8% interest on the debentures to the various trusts?