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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: CusterInvestor who wrote (40498)	12/9/2010 5:50:34 PM
From: E_K_S	Read Replies (1) \| Respond to of 78594

Hi CusterInvestor Re: MHRpC You had to buy today to get the $0.2135/monthly dividend. I loaded up yesterday and may sell some shares in a few days at $25 just to scalp the dividend. You should be able to sell all day at $24.99 if not at $25.00. Watching the trading volume. they still have quite a few new shares yet to sell. The company must be administering the sale of the new preferred shares themselves and very well could have cut a special deal with their street broker. It's a good deal for the buyer and the company if they can reduce the transaction cost by 5% doing direct sales. Acording to QuantemOnline ( quantumonline.com ) the MHRpC have a rating of BB. Moodys/S&P WR / BB 10/23/10. ================================================================== Can you believe that MHRpC has a higher quality rating than Supervalue: CFR at B1 and SVU Senior debt at B2. EKS

To: CusterInvestor who wrote (40498)	12/9/2010 9:50:07 PM
From: Jurgis Bekepuris	Respond to of 78594

MHR-C is very unlikely to trade at premium, since it is callable next year. I believe that's also why they shifted to monthly payouts.

To: CusterInvestor who wrote (40498)	1/10/2011 11:38:51 AM
From: E_K_S	Read Replies (1) \| Respond to of 78594

Re: MHRpC - ex-dividend tomorrow interesting trading again this month. 176K shares with a high of $25.15/share. The dividend is $.2135/share so stock should trade tomorrow at $24.79/share. Stock typically goes back to $24.94/share or higher in approx three trading days. Company still has over 5 million shares yet to sell at par to complete their authorized limit. It looks like .5 million shares/month are being bought on average so there s/b plenty of shares available at par (ie $25/share) at least through Nov 2011. Nice to see that there is good demand for this preferred every ex-dividend period. There is good liquidity for dividend capture strategies. EKS