Fri, Jul 25, 2014, 8:04 AM EDT - U.S. Markets open in 1 hr 26 mins


% | $
Click the to save as a favorite.

CC Media Holdings, Inc. Message Board

lottopol.geo 2 posts  |  Last Activity: 11 hours ago Member since: Jun 10, 2000
  • Reply to

    Look at the volume...

    by bonnechance115 16 hours ago
    lottopol.geo lottopol.geo 11 hours ago Flag

    "We thank the holders of our Old Second Lien Notes and Old Subordinated Notes who have committed to the exchange offers for their support," said Verso President and CEO Dave Paterson, "Successful completion of the exchange offers is an important step toward the closing of our acquisition of NewPage."

    does that mean they have enough to do the merger? It is unclear.

  • Reply to

    Redemption of Other ETN's

    by vmf2121965 Apr 30, 2014 7:09 AM
    lottopol.geo lottopol.geo May 2, 2014 3:48 PM Flag

    "..UBS's option to call or redeem an ETN at will whenever they want has no more economic value than the option of your broker to liquidate your account if you fail to meet a margin call or the ability of no-load open-end mutual fund's ability to require investors to redeem their shares at net asset value. There would never be an economic incentive for UBS to call the ETN other than to prevent negative equity. Unlike callable bonds, it is never in the interests of no-load open-end mutual funds to force redemption because of favorable movements in the value of the fund. Rather, just like UBS the only time it would ever make sense to force the redemption of the ETN at net asset value would be if the aggregate value was so small it did not make sense to administer it anymore.

    The" risk" that you might be required to redeem your shares at the fair value at the time is not a true risk, in the way that there is a real risk that a callable bond could be called and thus transfer value from the investor to the issuer. This brings us to the other major canard associated with MORL and CEFL, that of counter-party or credit risk..."

8.55+0.10(+1.18%)Jul 24 12:28 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.