Re: Do we hold 15?
I doubt they bought back any shares since the Ditech deal was still alive. I think it would have taken a price under $13 for them to buy back shares and the Ditech deal had to be dead. There's no way they would have wanted to do an spo below book, even if they could do another preferred deal.
But one can't ignore the risk of an spo, if the stock price goes back over $16, especialy if that's after the ex date.