Index of Stock Recommendation
Thursday, May 7, 2009
Interest payment on GM bonds till June 30 ,2009
Please remember:
- This is the interest paid to the bond holders in Cash for every 1000 Face Value of Bonds/Debentures till June 30,2009
- the 225 shares for 1000 Face Value of GM Bonds will translate to 2 shares due to 1:100 reverse split and the GM policy of not issuing fractional shares to GM bond holders.
- Ideally you should hold 100,000 Face value bonds to prevent loss of shares due to 1:100 reverse split. Please read my previous post "here" for more details
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1 comment:
Hi, I am holding GM bonds expiring 2013 and 2033 respectively, but until now I have not received any interest payment for 2009.
What should I do?
Thank you
Sal pizzolo
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