SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Felix who wrote (78396)10/29/2025 8:03:23 AM
From: E_K_S  Read Replies (1) of 78412
 
Re: SOHO Preferreds

So dividends have been canceled but these are cumulative so the payments do accrue and one s/d get paid a "special" dividend and/or get the accrued dividends if/when the preferred is paid off.

You DO NOT get the accrued dividends if you elect to convert to shares from everything I have read. You just get the share conversion x $2.25/share.

If you own any of these preferreds Do you hold or convert to shares?

I am planning to hold until 2026 and see what the Go Private partners decide to do w/ these preferreds. They have an EXIT strategy and that may be to pay these off AFTER all the stock conversions have been completed.

Or they may do nothing and these assets become boat anchors . . .
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News