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Re: ARPS Alternatives lionhead  03-02-2008, 11:09 AM | Post #2493439
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From Western/Claymore. A bit dated but there are alternatives. We'll have to see if other fund sponsors follow this path.

Lisle, Illinois - October 20, 2006 – (NYSE:WIA) Western Asset/Claymore U.S. Treasury Inflation Protected Securities Fund announces a modification to its leverage structure and announces monthly dividends for November and December.


The Fund announces a plan to redeem its Auction Market Preferred Shares (AMPS). For each series of AMPS, the redemption of the AMPS will begin on the first dividend payment date on or after November 9, 2006. The Fund may utilize other forms of leverage, including reverse repurchase agreements and dollar roll transactions. A Fund generally will not utilize leverage if it anticipates that it would result in a lower return to holders of the Fund's common shares over time.

Topics Alternative preferred shares treasury Western Asset View Complete Thread
 
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