Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Latest was with CTW. I have this one for over 4 years now. It has been through 2 partial calls and there is about $163,500,000 outstanding. The coupon is 7.5% or $0.46875 but $0.4375 was paid for the first time on on 3/15/18. The 0.5% difference may seem small but over the outstanding balance, investors are being shorted $8175000 per year just with this small issue. Previously I had similar issues with Bank of America 2019 notes, GE 2022 notes, and Seagate technology 2025 notes. In all cases it was a small amount that could easily be overlooked.
Freedom, I just checked my latest payment which happened to be MER-P on March 15 payment. Seems like Scottrade is a generous organization. They gave me 400ths of a penny more than I should have got. They rounded up my payment for me on the last decimal penny amount.