to a coupon that reflects a market rate of return and would be exchangeable with APO Corp for Class A Shares of AGM based upon the trading price of AGM Class A Shares at the time of the exchange. The coupon rate on the preferred would be no less than, and presumably would be greater than, the rate of interest on

that reflects a market rate of return and would net-be exchangeable with APO Corp for eettiityClass A Shares of AGM based upon the trading price of AGM Class A Shares at the time of the exchange. The coupon rate on the preferred would be no less than, and presumably would be greater than, the rate of interest on