OTCPK:ICPVF - Post by User
Comment by
Oldfart74on Sep 01, 2021 11:25am
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Post# 33794323
RE:I see my BIPC fihnally showed up
RE:I see my BIPC fihnally showed upzalmonella wrote: Despite tendering August 4, they took til today to show up. 226 shares plus $1868 in cash for a ripoff value of $78.36.
Kind of irritating that Quintessential1 gets to tender later and gets the full rock and most of us get the screw. Just confirms my thoughts that I will never willingly be an investor in any Brookfield product.
It didn't matter when you tendered the shares - the magic date is when Brookfield could
accept your offer. That date was
August 20, 2021.
The reason for the proration on the August 20, 21 date was outlined in the Takeover Bid Circular - shares had to be reserved for the folks who tendered after expiry date of August 20, 2021. Now that Brookfield knows that there is no need for prorationing, tendering shareholders who choose the share option are no longer subject to prorationing.