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Non-Tech : Income Investing
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To: BoarDog who wrote (42201)2/15/2020 10:35:31 AM
From: Gridbird6 Recommendations

Recommended By
brehm233
Dura Ace
inspbudget
KEN2CWL
Nomex

and 1 more member

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Re: LTS-A to be redeemed March 5 for $25.0389. Another one bites the dust . . . I'

Boar, make sure you understand the distinction in difference as it is very important...LTS is not being redeemed. It is acting on the change of control provision in prospectus. You must act by March 5, or your shares will still be outstanding on a delisted preferred. And tank, below the baby bonds where it should be trading. The only thing that was holding up LTS-A after merger was this “change of control put”....In other words this is a mandatory tender notice, not a redemption notice.
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