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To: Jerrymac who wrote (98976)3/9/2011 10:25:44 AM
From: Sampat SarafRead Replies (1) | Respond to of 118717
 
Any idea if this would increase MHR/PRC price as that yields 10.25% even though convertible? What would be the impact? Just on the yield basis if MHR is able to issue at 8% MHR Pref C should be priced about 25% higher..

Are the D's to be Pari Passu with C?



To: Jerrymac who wrote (98976)4/19/2011 12:59:18 PM
From: E_K_SRead Replies (2) | Respond to of 118717
 
Re: Magnum Hunter Resources Corpora (MHR-PD)

Now trading above par (ie $50/share) for two days. This is similar to the preferred C series but the series D offering is 8%. The C series was offered at 10.25% (par at $25.00/share) and is now trading at a premium yielding 10%.

It's interesting to note that the series D at only an 8% yield continues to move higher from the original discount offered 3/9/2011. The market must feel pretty secure that these securities are safe. They are still not rated on the Quantum site.

EKS