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Any new issue of mortgage bonds lacking guarantees from the government-run agencies Fannie Mae and Freddie Mac will need to be squeaky clean -- and the seller might lose money.
Smith said: "My personal view was that if the consultation didn't throw up any new issue that we hadn't thought of, that the undertakings in lieu were therefore likely to have worked".
Typically these include the right to share in dividends and other distributions, to vote for directors and fundamental corporate changes, and to inspect the books of the corporation, and, less frequently, the "pre-emptive right" to subscribe to any new issue of stock.
Too bad that retail investors get only about 20% of any new issue at its offering price.
If nothing else, you should be skeptical of a tracking stock for the same reason you should be skeptical of any new issue: The issuer is going to be the most motivated to issue it when it can be sold for more than it's worth.
Any new issue arising from a focus group was fed into a subsequent topic guide.
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Identify any new issues that have come up since your last visit.
Please contact us about any new issues that you may encounter.
Were there any new issues that he would like to focus on during the campaign?
"Obviously, they agreed with us," that the case did not present any new issues for the highest court, she said.
Neither side has tried to put any new issues on the table, or backed away from previously negotiated points, according to those informed on the talks.
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