Municipal Bond Forum
GM bonds should be converted into stock within six months
Q
Bondholders have not received interest from GM bonds for a long time. When will this money problem be solved? Are we entitled to retro-interest?
A
James A. Klotz responds:
As we said in our article, the bonds are expected to be converted to stock and warrants in three to six months.
It is our understanding that no lost interest will be paid to bondholders.
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