Friday, July 10, 2009
Posted by
Anonymous
at
8:29 AM
Doug:
Several of the Key preferred stocks are now subject to potential exchange for Key common stock. The price for conversion depends on the particular issue. Do you have any comment or suggestions on whether Key preferred owners should accept this offer? The Key prospectus notes that Key "currently" plans to continue dividend payment on its preferred shares if they are not tendered for exchange.
Rich J.
Several of the Key preferred stocks are now subject to potential exchange for Key common stock. The price for conversion depends on the particular issue. Do you have any comment or suggestions on whether Key preferred owners should accept this offer? The Key prospectus notes that Key "currently" plans to continue dividend payment on its preferred shares if they are not tendered for exchange.
Rich J.