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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Thompson who wrote (444)6/6/1999 4:47:00 PM
From: RockyBalboa  Respond to of 1438
 
Even in the case a company had the cash to redeem a convertible debenture, in very many cases redemption is being discouraged by the fat premiums (often 20%) due. ...

I know very few companies who got out completely - even COCN has some outstanding after partial redemption with a relatively small premium, and they got the cash from sale of a sub.