Question-and-Answer Session
Operator
(Operator Instruction). And we will pause for a moment to compile a list of questions. And your first question comes from the line of Bishop Cheen of Wachovia.
Bishop Cheen - Wachovia
Hi. Everyone. How are you?
Colleen Brown
Hi, Bishop.
Bishop Cheen - Wachovia
Thanks for taking the question. Okay, so let me go right to the balance sheet here. You guys, you threw out so many numbers, my head is spinning and I am sure I am not going to be able to get my head around it. But didn't I see like a huge chunk of cash still on here at this point? At this point, no that was assets. Tell me how much cash do you have at this point?
Joe Lovejoy
$19 million and $59 million in short-term investments, commercial paper.
Bishop Cheen - Wachovia
And 59 even in commercial paper. We have done the dividend and its 19 in cash.
Joe Lovejoy
19.2 rounded.
Bishop Cheen - Wachovia
Okay.
Joe Lovejoy
And 59.2 in the short-term investment.
Bishop Cheen - Wachovia
Okay. We've taken care of the dividend. We sold all our Safeco shares. You've taken Plaza off the block because of who can blame in the conditions for brick and water and every other kind of asset right now. And you've got plenty of cash, to work your way through this dislocation. You are going to cut costs. But as we go out 10 months the next capital event, that is scheduled and I'm not going into what ever your current dissident shareholders might be demanding. The next capital event is scheduled is the call of your bonds, which is totally your options. Can you just give me some color on what your thinking is because I know you would love to have more flexibility in your balance sheet, then that bonds allow in terms of flexibility. So whatever you can tell us I think would be helpful.
Joe Lovejoy
Well yeah, flexibility is a good thing. As you know, I mean the coupon rate right now is pretty down attractive in today's market. Who knows what 10 months from now will bring, but yes, no decision has been made at this point, in terms of what we will do in terms of the first call date. But right now, we feel pretty good despite some of the limitation that the indenture has in it. We are pretty comfortable having that piece of capital in our structure.
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