Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Pink Minion who wrote (1232)	9/21/2000 10:09:49 PM
From: Larry Brubaker	Read Replies (1) of 1438

ex, its not uncommon for floorless issuances to have an option for the company to buy out the floorless in the event of a stock price decline. Doesn't usually make much difference, because if the company had the money available to buy out the floorless, they wouldn't need the floorless to begin with.

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