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Msg  18886 of 19300  at  6/19/2019 2:40:19 PM  by

RichAbe


 In response to msg 18873 by  bankbuyer
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Re: S A Piece on the Pimco ARP Tenders

"Then we can figure what it would cost Pimco to have done the right thing, years ago"
 
I think they did do the right thing.  It would have cost PIMCO nothing to redeem them but it would have cost their CEF equity holders reduced returns,.
 
Almost all the ARPS are now held by brokerages that were forced to buy them at par from their customers.  PIMCO took the side of their shareholders rather than bail out Wall Street. 


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Replies
Msg # Subject Author Recs Date Posted
18887 Re: S A Piece on the Pimco ARP Tenders bankbuyer 0 6/19/2019 2:59:33 PM
18888 Re: S A Piece on the Pimco ARP Tenders gjunk3 0 6/19/2019 3:44:40 PM






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