Has anyone else been watching these, they are a cdo put out 6years ago by Macq. Despite being called 'Generator Income Trust', the income component was knocked out in the income portfolio by defaults during the GFC. They mature in Oct 2011, however are currently trading at $63 and conversion value is $100. You could lose capital if the 'principle' portfolio suffers enough defaults, however has some buffer and only 18months to conversion.
I do hold some and have put them in the bottom draw, but just seeing if anyone else is watching or using these??
GIN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
