Take the series "I" as an example ( https://www.preferredstockchannel.com/symbol/clny.pri/ ) original coupon: 7.15% redeemable: yes next callable date: 2022/6/5 cumulative: yes liquidation price: 25 ( link ) Some information from Q1 2020 earning call 80% of our debt stack is non-recourse. Net debt is 9.4 billion. As of May 5th, we have $1 billion of cash on the balance sheet at the corporate level. Core FFO was negative $20 million or $0.04 per share. Excluding net losses of $22 million, primarily attributable to net investment losses and other equity and debt segment, core FFO was $2 million no later than June 30th to make a decision as to the declaration of dividends payable to its preferred stockholders for the second quarter 2020 preferred dividend will be accrued on balance sheet there are covenants within the preferred that say that if we don't make that preferred dividend to bring it back to current within six quarters, then there's conseq...