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

1 comment:

toolscollector said...

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