Lloyds Non-Cumulative Preference Shares?

pranav12

I have 6.475% non cumulative preferential shares and got the same letter. If they don't pay dividends for 2 years, don't they have to pay me with shares equaling the dividend amount?

purplelavender

I have 800 shares and am trying to find some advice on whether to sell or keep ...............

Jake'sGran

purch wrote: »

Whats the divi rate on these pref's ?

There are about ten different ones. I have just been Googling for official articles and there was a question from one lady who held some paying over 11%. Mine are 6.475% and were allocated after the merger mentioned above. After reading the articles I mentioned I did get the impression that they might not be worth keeping. I would prefer to keep them though as I would not want the hassle of looking where to bank the money - again. Just realised, I could buy some more shares in Rexam, National Grid or something similar with a decent dividend .

OldKingCole

Having spent the last 2 weeks trying to find some practical advice on whether to keep or sell these prefs, I have come to the following conclusions;

1. No practical advice has been found

2. The original prefs with the Halifax were £1.00 shares but Lloyds replaced them with £0.25 shares

3. The current value is 53.75p

I have decided to take up the offer and sell

purplelavender

Agree - I too have searched for advice as well with no success and have decided to sell.

sabretoothtigger

If lloyds went broke I would not expect these bonds to be repaid. Likely to be similar to b&b and northern rock and they havent faired too well though some speculate this could change


As a gamble I would just hold them long term but if the money is too important then cashing in for another company as mentioned seems better off

sidcupgooner

I have some lloyds preference share and want to sell them. I don't have any info on how to do this, can anyone help?

sabretoothtigger

ITs still a share, doesnt any broker handle these or ask selftrade if you are holding a certificate

payless

many of the Halifax prefs that are held by individuals relate to B Mids takeover ( so the 6.475% series - albeit changed twice following BOS then Lloyds mergers ) .. and many people would have had these issued into a Halifax shareholder account , rather than n cetwificate - ( so already in an nominee account) who can sell them for you.

industrial_engineer

payless wrote: »

many of the Halifax prefs that are held by individuals relate to B Mids takeover ( so the 6.475% series - albeit changed twice following BOS then Lloyds mergers ) .. and many people would have had these issued into a Halifax shareholder account , rather than n cetwificate - ( so already in an nominee account) who can sell them for you.

What is the current situation regarding these shares as I am thinking of offloading my vast 100 holding.