Diversified Royalty Corp T.DIV

Halted?

[maplak]

Why?

[Galove]

For this reason.   Diversified Royalty 5.25% debentures to be delisted   2022-12-06 20:34 ET - Miscellaneous   The Toronto Stock Exchange reports that Diversified Royalty Corp.'s 5.25 per cent convertible unsecured subordinated debentures will be halted at the open and delisted at the close on Dec. 20, 2022. According to the TSX, the company will redeem the

[JayBanks]

Dumb question time: Why would someone want their Debentures converted to shares at 4.55 when the shares are trading in the 2.90-3.10 range? Wouldn't you accept the cash owed and then if you wanted purchase the shares on the open market?

[nedstar71]

Yes nobody would ever actually convert at that price now, but the option is still there from the original issue so they likely have to include it.

[JayBanks]

Didn't think so, didn't know if I was missing something in the process or it was a typo like suppose to say '2.55' but the math they used worked, but yes reiterating the original terms makes sence. Thx I do eventually want to get into Debentures/Private placements eventually so I'm trying to pick up info on the details of these types of moves before I fully jump in head