Tuesday, October 14, 2008

8-K Watch
I am checking for an 8-K filing from Wells Timberland REIT. Its next mezzanine loan payment is due on Thursday and I suspect an 8-K filing will provide information on the loan's status.

1 comment:

Anonymous said...

The 8-K is out. This looks like a good deal for Wachovia. They get to bleed Wells at 11% interest for another 6 months and get their hooks into the preferred stock. Would this amendment preclude the issuance of additional preferred stock sometime next year at the end-game of the mezzanine loan?