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Trust Preferred Stock to be Forced to Common      4-May-09 08:33 am    
According to the Financial Times, four banks are likely to force conversion of trust preferred stock to common stock. The force will come from a threat to stop paying dividends on trust preferred, a non cumulative form of preferred stock, if I recall correctly. The banks listed are boa, citi, wfc, and one other.


Sentiment : Strong Sell
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silvercat95

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Trust Preferred Stock to be Forced to Common
silvercat95 (2 Ratings) 4-May-09 08:33 am  
 
As I recently posted, PGX has NO exposure to BAC o...
masson11168... (2 Ratings) 4-May-09 10:02 am  
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PowerShares Preferred (PGX)

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At 4:00PM ET: 13.25 Up 0.04 (0.30%)
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