Tourmaline Oil Corp (Alberta) T.TOU

Tmx re decreasing values for tou after special divi

[CHECKMATE77]

https://www.m-x.ca/f_circulaires_en/127-22_en.pdf

The Bourse and CDCC wish to inform you that the Directors of Tourmaline Oil Corp. (the "Corporation"), declared on November 2, 2022, a special cash dividend of CAD $2.25 per common share. The special dividend will be paid on November 18, 2022 to shareholders of record as of the close of business on November 9, 2022. The ex-dividend date is November 8, 2022.

The Bourse and CDCC will take into account the special dividend by adjusting the strike prices of Tourmaline Oil Corp. (TOU) options, by an amount equivalent to the special dividend that is CAD $2.25.

Special Dividend - Adjustment Details:

EX-DATE: November 8, 2022

RECORD DATE: November 9, 2022

PAYABLE DATE: November 18, 2022

CDCC - Adjustment Details:

According to the Terms of Adjustment provided in Section A-902 of the Rules of CDCC, all Tourmaline Oil Corp. (TOU) options will be adjusted as follows:

EFFECTIVE : November 8, 2022

OPTIONS SYMBOL: Unchanged

NUMBER OF CONTRACTS: Unchanged

MULTIPLIER: Unchanged

DELIVERABLE PER CONTRACT: 100 common shares of TOU

1800 - 1190 avenue des Canadiens-de-Montral, C. P. 37 Montral (Qubec) H3B 0G7

Telephone: [phone]

Toll-free within Canada and the U.S.A.: 1 800 361-5353

               Website: www.m-x.ca

 

POSITION AND EXERCISE LIMITS:

CUSIP:

STRIKE PRICES:

Position and exercise limits will remain unchanged at 250 000 contracts.

Unchanged

An adjustment of CAD $2.25 will be made for all existing

[BuccAssetMgnt]

Thats not what it says.  Bucco

[CHECKMATE77]

Yes it is ...the excercise price per call option decreases by the amount of dividend. black and white 

[BuccAssetMgnt]

Thats what it says. Now you have it right. Bucc

[CHECKMATE77]

Jerk

[BuccAssetMgnt]

Your info was wrong.  Stupid.  Bucc

[BuccAssetMgnt]

Tmx reduced the strike price of the option only. Which they do for every stock issuing a dividend. They said absolutely nothing about the share price of tou. You mispoke.  Stupid.  Bucc

[CHECKMATE77]

You obviously have a reading comprehension issue. I stated values not share price. No we're is share price mentioned. and if you know anything the Montreal exchange is only options so if any change in value is going to occur then it has to be in option and put excercise price not stock price stupid

[CHECKMATE77]

And just so you are truly informed, the exchange only changes values with a special dividend, not ever dividend as you state

[BuccAssetMgnt]

Values with an s.  Jerk Bucc:)

[CHECKMATE77]

Reading comprehension not your forte, nor rebuttals.  values with a s implying more then one. correct , multiple call values and put values . like taking to a wall.