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At Hugo Boss, the clothing maker, the preference share price premium has vanished.
Going down the preference share route could seriously backfire for the taxpayer.
Nationally, the Liberals' first preference share is up just 1.25% to 3.35m.
Liberal Democrat Treasury spokesman Lord Oakeshott said: "The preference share issued by a building society is going to be a very risky piece of paper.
Eurostar has also agreed, as part of the sale of the government stake, to redeem the Treasury's preference share, providing a further £172m to the UK taxpayer.
The strength of GMG allowed the shareholders to release value from the business in the form of dividends and preference share redemptions.
Similar(43)
Unlike American preferred shares, preference shares are common stock that would share equally with ordinary shares in a corporate liquidation.
To appeal to investors who wish to be sure of receiving dividends regularly, many companies issue what is called preferred stock, or preference shares.
Compared to ordinary shares, preference shares are trumps.
The preference shares will convert to equity, nationalising BFA.
The preference shares traded at a substantially higher price, reflecting both the superior dividend and the added liquidity because so many more preference shares were available for trading.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com