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Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: kgr1137 who wrote (5059)	3/22/2013 6:25:25 PM
From: deeno	Respond to of 52115

Re: Trust PFD default? - FJA Hey thats super. A lot more than I got and even has some sense to it. Hey did someone tell you that or did you actually decphier that from the below gooblygook? I still dont see how we get even though. Cash is about 3.0575 and you get $20 principal of the new note. currently selling for about 105. So selling your getting total $24.0575 per $25. with accrued interest your about 24.55. So is it a real biggie? no. your overall cash flow drops from $7100 per 100k to $6,396 but you did get some cash to fool around with. Cash on cash you pick up about $716 per year. It was the fact that the trust was actually undercollaterized, that stuck in my craw a bit. Never saw it happen before. Cant confirm from anyone that the new bonds are expressly backed by CTL or whether its just a division backing ala ameren, but I noticed if you go out just 3 more years you can buy the CTL sr bonds 7.6% in the mid nintys. that way your sure. Again that was a big help, thank you