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Please can you send us the link to the article in question, so that we can investigate?


Thanks.

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That link isn't to a Seeking Alpha article. Can you point us to which article on our site you said was incorrect?

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anonymous

No the link is to the Frontier website which details the Preferred to Common conversion rate.  The Seeking Alpha links are


  1. My Best Investing Idea For 2017: Frontier Communications, 11.125...

    seekingalpha.com/article/4028871-best-investing-idea...

    Dec 7, 2016 ... FTRPR is a mandatory convertible preferred share issued by Frontier Communications which will be converted into the common stock of Frontier Communications. It is a preferred share, not a debt instrument, which will be converted into 17-20 shares of Frontier Common shares on June 28th, 2018. A more ...

  2. Frontier Communications Capital Structure Arbitrage Opportunity...

    seekingalpha.com/article/4137036-frontier-communicat...

    Jan 11, 2018 ... Arbitrage Opportunity: FTRPR (FTRPR) / FTR (FTR) 11⅛ 6/29/18 Preferred (the “ Preferred”) ... Anyway, if you dig through the Preferred's prospectus in Exhibit 3.1 of FTR's 6/4/2015 Form 8-K, you'll find that, on the Mandatory Conversion Date, if FTR's VWAP in the trading days leading up to the Mandatory ...

  3. No Arbitrage Profits For Frontier Communications Preferred Versus...

    seekingalpha.com/article/4074759-arbitrage-profits-f...

    May 19, 2017 ... In a recent SA article, Owl proposed that Frontier Communications (NYSE:FTR) preferred stock (FTRPR) was a better value than the common stock with a simple accounting of cash flows. The concept is simple. On June 28, 2018, the preferred stock will convert to 20 shares of the common stock. Knowing ...

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The first link there, which mentions 17-20 shares was written in December 2016, before Frontier executed a 15-for-1 reverse split in July 2017. Does that explain the number disparity?

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anonymous

Thanks,  20/15 = 1.3333  which is the high figure on the Frontier web site.  I'm sure that must be the reason for the disparity.