AmTrust Financial, which completed an action to go private recently, has announced that they will delist their 7 issues of preferred shares as well as their 2 issues of baby bonds effective 2/7.
This does happen on occasion and most recently happened to us when Phoenix Companies (an insurer) was purchased by a private company and their shares were delisted. In the case of the Phoenix shares we simply sold our prior to the delisting. I believe there are some individuals on the website who continue to hold some of these shares and maybe they will chime in here.
Our concern with AmTrust, in which we hold no shares, is that they simply may not be trustworthy and being private they will forgo the normal financial reporting that they previously had to do.
Maybe this works out for preferred and baby bond holders–or maybe it doesn’t, but investors should be aware that this is happening.