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To: ColinD who wrote (346)7/11/1998 3:04:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 4814
 
I don't know whether that could be the answer or not. Nor, unfortunately, do I recall whether there was any mention of preferred stock in the now-poofed financials.

I once owned shares in a mutual fund that--the story's too complicated to go into--suddenly announced that "a majority of shareholders" had voted to keep it closed end. This was, in fact, highly disadvantageous to said shareholders. And I'd never received a proxy. My broker said none of his other clients had, either, and that this was a definite no-no.