RE:You have to be a shareholder of record on Sept 2188guy88 wrote: to vote on the proposed spinout of the copper assets.....does that also mean that anyone buying shares after Sept 21 will NOT get the 1 shares of copper company for every 5 FCO owned
Looks like it to me....they did not really explain that point very well in the news release
Currently, the Sept 21 date cut off was for people to vote on the 28th of October. So everyone who owned shares in FCO until the close of the business day of the 21st of September is eligible for voting. Those voting information will most likely be sent by mail and (i assume at least) you will get an access code to vote online. Alternatively you could also go to the given place in the NR to vote in person.
If the spin off is approved on the 28th of October, the court will have to approve it aswell, probably somtimes early to mid November. The second the court approves will be the cut-off date for the shares. Up until then, you will get the 5 to 1, once it is approved, it's done. That wil be sometimes November most likely, he also commented on it in the most recently linked interview.