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  • Trust Preferred Returns: Dodd-Frank Offers An Interesting Opportunity [View article]
    Fifth Third last May paved the way for how this SHOULD be done. Many including myself had paid more than the face value and were left holding an empty bag. The following week, Fifth Third announced they would compensate these investorslike myself who paid more than $25.18 per security "purchasing after 2:16 p.m. ET on May 16 and before trading in the securities was halted on May 18. Further, if the buyer purchased the security over two-day period and later on sell it, Fifth Third will only compensate investors for the amount they lost. Fifth Third expects the total compensation payments to be within $1.5 million."

    I have yet to determine if there is a new opportunity, but now know that any strong bank might redeem these not yet matured shares any time they are trading above par and paying a higher interest than they can make in other safe investments.
    Oct 11 03:43 PM | Likes Like |Link to Comment
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