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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (43724)1/17/1999 12:29:00 PM
From: Howard Henick  Read Replies (1) of 132070
 
P.S. They can not cut preferred dividends. They can only choose to not pay them in which case they accumulate to be paid later (cumulative preferred) and can then only pay common dividends after they pay back all preferred dividends accrued but unpaid.....
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