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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (78376)10/27/2025 9:37:49 PM
From: Elroy  Read Replies (1) of 78412
 
the value of the preferreds if paid off at PAR $25 is $103.6 million ( plus a significant amount of cumulative dividends in arrears ) and $320-$340 million in total debt mortgage on the properties.

What are you talking about? Which of SOHO's preferreds are in arrears?


This discussion of the SOHO B, C and D series of preferred stocks is great, but am I correct only the B's are publicly traded? SOHOC and SOHOD doesn't produce a stock price on yahoo finance.
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It's my understanding that there is zero arrearage on the SOHO preferreds. Do you disagree?

And there's (to my knowledge) no reason to believe the buyer of SOHO plans to redeem any SOHO preferred stock at $25. If that was the plan, the SOHOB's would trade close to $25. They trade at about $17.50.
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