this is a preferred stock, not a closed end fund, but what a payer! | Closed-End Funds Message Board Posts

  •  Special $399 Lifetime Membership offer ends soon:
    For anyone who may have missed the memo posted last week, in August of 2018 we offered a limited number of 1-yr options to purchase Lifetime Premium Memberships. Fewer than 2 dozen remain unexercised. Rather than allow them to expire worthless, we are making them available to serious takers on an exclusive
    first come, first served basis. CLICK HERE to lock in a lifetime of benefits & savings!



  • Not sure what all the "Premium Service" fuss is all about? 

    Watch this 2 minute video to find out.





  • Only 11 
    Lifetime Premium Memberships left

Closed-End Funds   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  18978 of 19047  at  7/19/2019 1:54:51 PM  by

ex_hacker202


 In response to msg 18977 by  lumpygravy
view thread

Re: this is a preferred stock, not a closed end fund, but what a payer!

  You mentioned all the downsides I thought of when I looked at this - floating rate based on LIBOR, which is set to disappear in 2020 - then what happens to the yield? Even stranger, dividendchannel.com says Ally didn't get a dime from these preferreds - who did if that's true?
 
 
GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 (ALLY.PRA)
Prospectus excerpt: The United States Department of the Treasury is selling the 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 of GMAC Capital Trust I. Ally Financial Inc. will not receive any proceeds from the sale of Series 2 Trust Preferred Securities by the Selling Securityholder.
 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0     Views: 88
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
18980 Re: this is a preferred stock, not a closed end fund, but what a payer! lumpygravy 0 7/20/2019 7:45:01 AM


About Us  �  Contact Us  �  Follow Us on Twitter  �  Members Directory  �  Help Center  �  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
� 2003-2018 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...