Author Topic: GNCMA - General Communications  (Read 128101 times)

Liberty

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jgyetzer

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Re: GNCMA - General Communications
« Reply #411 on: March 10, 2018, 09:11:55 PM »
Is the GLIBP $25 liquidation preference essentially equivalent to par value on a bond?

winjitsu

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Re: GNCMA - General Communications
« Reply #412 on: March 12, 2018, 05:41:26 PM »
Is the GLIBP $25 liquidation preference essentially equivalent to par value on a bond?

I don't think its good to confuse debt with preferred terms. You can about the structure here:
https://www.sec.gov/Archives/edgar/data/808461/000110465918015741/a18-7767_2ex3d1.htm

At the redemption, they will be redeemed for liquidation price of $25 + accrued dividends.

Didn't wake up early enough for market open to snag some at ~<$20, but was able to pick up a bit at $21.50. Only wish I was able to pick up more!