I’m vindicated.

music selection:  “Doctor My Eyes” — Jackson Browne

I just got notice from my broker that JCP is issuing a FULL CALL on my bond.  I will receive par at maturity.  Bullet dodged like a ninja!

Devour your prey raptors!

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Update JCP bond

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3 thoughts on “Update JCP bond

  • May 29, 2020 at 3:28 pm
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    Congratulations!!!

    Can you explain this outcome in dollar terms? I.e. Last week I could have sold the bond for $x and now it’s being called for $y.

    Reply
    • May 30, 2020 at 3:41 pm
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      Chris,

      I’m not sure the data I got from my broker is accurate. Perhaps the notice was automatically generated assuming the bond was paying. I got a separate notice that I needed to file a claim. Most recent price was about 3.000. If it pays on the first, I’ll get par plus a coupon payment. I’ll be watching my brokerage account balance.

      Reply
      • June 8, 2020 at 7:07 pm
        Permalink

        I have a later dated JCP bond and also received a notice that I needed to file a claim. The date that it needed to be filed by was far enough in the future that I decided I would wait a few weeks to see if it was something I actually needed to do.

        Reply

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