CBL & Associates (CBL) has experienced its fair share of drama over the past year. The REIT has seen numerous operational headwinds related to numerous retail bankruptcies and a recent class action lawsuit. The company's dividend cut, followed by a temporary dividend suspension, along with revenue declines have led to a steep decline in the price of the company's common shares, preferred shares, and unsecured bonds. As it currently stands, common shares are priced at 25% of the company's equity, the preferred shares are nearing 20% dividend yields, and the company's fixed income