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

To: robert b furman who wrote (56354)	12/7/2015 2:52:40 PM
From: E_K_S	Read Replies (1) \| Respond to of 79123

Notice that the KMIpA dividends are cumulative too! They could pay them in KMI common stock. Dividends on our mandatory convertible preferred stock will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee of our board of directors, at an annual rate of 9.75% on the liquidation preference of $1,000 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our Class P common stock, par value $0.01 per share (our "common stock"), or in any combination of cash and common stock, on January 26, April 26, July 26 and October 26 of each year, commencing on January 26, 2016 and ending on, and including, October 26, 2018. I still think the preferred carries a bit less risk than the common. Will do another Buy if the common drops another 20%. The preferred s/d sell at/below $28.00/share. Remember PAR is/was $50.00/share. EKS