TSX:MPCT.DB - Post by User
Post by
fishowlon Aug 30, 2019 7:46pm
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Post# 30085149
SUBSTANTIAL ISSUER BID - PRELIMINARY RESULTS
SUBSTANTIAL ISSUER BID - PRELIMINARY RESULTS The issuer bid and is completed/
The company offered to by 4,000,000 and approximately 33,251,125 Units were properly tendered to the Offer and not withdrawn. As the Offer was oversubscribed, the Trust will purchase the successfully tendered Units on a pro rata basis following determination of the final results of the Offer, except that “odd lot” tenders (of holders beneficially owning fewer than 100 Units) will not be subject to pro ration. The pro ration factor under the Offer is preliminary and subject to verification. The Trust and the Depositary expect that the final determination of the pro ration factor will be made on or before September 3, 2019.
This makes the bid oversubscribed by 88%. For every 100 shares, tendered they will take 12 shares using the oversubscribed ratio.
Here is link to PRELIMINARY RESULTS:
https://www.dream.ca/alternatives/wp-content/uploads/sites/6/2019/08/Dream-Alternatives-Press-Release-announcing-prelim-results-of-SIB-August-2019.pdf
Also, here is the link to August presentation for those interested:
https://www.dream.ca/alternatives/wp-content/uploads/sites/6/2019/08/DAT-Retail-Presentation-Q2-2019-Final.pdf