OTCPK:VNRCF - Post by User
Comment by
annegelon Sep 23, 2019 8:34am
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Post# 30154136
RE: Approval of the Vermont Public Utility Commission
RE: Approval of the Vermont Public Utility CommissionOh yes... they kee the next dividend:
Payment of the Permitted Dividends
Since the Effective Date of the Arrangement is scheduled to be before September 30, 2019, being the next reference date established in order to determine the registered common shareholders that are entitled to receive the dividend declared on August 7, 2019, the Acquirer will be the sole common shareholder registered as of the close of business on September 30, 2019 and will have the right to receive this dividend. As for preferred shareholders, the preferred share consideration will be increased by an amount equal to all accrued and unpaid dividends up to but excluding the effective date of the Arrangement.
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