Constellation Software Inc T.CSU

Rights Dividend ?

[KaprikornKat]

Could someone please explain to me what this deal with Debuntures mean to shareholders?  They are to be issued on October 6 to shareholders on record September 1

[CHECKMATE77]

The rights give the holder the right to buy a debenture at 133. I think that was the price. so, you will get 1 right per share . You can sell the right to someone, you can let the right expire ,or you can use the right to buy a debenture. they did this maybe 8 yrs ago. The debs were 100 then. go to csu web site to see how the inflation debs calculate the interest rate each year. I bought the

[KaprikornKat]

Thanks so much for the info.  I was reading that it maybe a sign of debt problems and will cause a sell.   Sorry for being such a newbie about all of this and I appreciate any help. 

[JimmyCon]

so if we are interested in participating in holding some of the debt through a debenture. Then we exercise the rights we have been given by the expiry date which is the end of the month. I assume this is correct. So do I just phone up the broker if I'm a self investor and have him do it, I think I reoresent 90 % of people who are looking for non professional advice on this

[CHECKMATE77]

You may need to buy some to have enough to buy the amount of debs you want. yes, call your broker and order x amount of debs using y amount of rights. you have to have the amount of cash in your account to pay fir the debs inc accrued intrest 

[CHECKMATE77]

Btw--I own from original offering