ONEREIT TRUST UNITS T.ONR.UN

RE: $.0039 Cash portion

[nijinsky70]

No.  The company is very specific in this regard.  You either round up or round down.  For 10,000 old ONR you'll get $10,000 new ONR + 8,839 PSN. 

However, if you own 13,688 shares of old ONP, you'll get 13,688 new ONR + 13,688 x 0.8839 = 12,098.82 PSN.  The PSN shares will be rounded up to 12,099 shares.  No cash payouts for the difference in rounding losses.  Say if you get 6,832.33 PSN shares in the calculation, you'll only get 6,832 PSN shares.  The 0.33 share loss due to rounding is lost.