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  • normlasky normlasky Mar 15, 2012 7:18 AM Flag

    Preferred Calable?

    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.

 
BBT
37.11Jul 28 4:02 PMEDT