Ok pro-rata is part of the terms.I would still buy if there were...

Ok pro-rata is part of the terms.

I would still buy if there were less problems with the investment portfolio.

Evergreen CDO (Wachovia Bank)
Mobius
and
Obelisk all underwater.

And another 32m with american airlines maturing after 2019... TWA, Panam.

Also I don't get the dates on the 16 December 2008 update. The protfolio at 28 November 2008. There are a number of loans with maturity date in the "asset maturity date" column different to the maturity date in the "asset name" column. For example the Progress Trust 2006-1 says 10-Oct-09. The Progress Trust 2006-1 financials (available on asx.com.au) say the maturity date is March 2037.

Interesting enough Pepper Trust no. 7 supposed to be collected 15 June 2009 was still in the list in the AFS 30 June 2009. Its actual maturity date is Sep 2048.

Not sure about this one. Has written down too much in the balance sheet. Must be a reason for that.

Will wait to see how much debt paid down in 30 June report.