RE: explanation, please The ratio is fixed at .4729. Dundee and wrk are trading higher and if yuo do the math
the ratio is very close
As at 3:50 pm
Wrk.un trding at $16.65
Dundee trading at $35.25
$35.25 X .4729 = $16.66....same thing.
Thise who elected for cash, took what was offered at that time, removing the risk.
Those who ran for the door at the announcement , not only missed an upside opportunity , but 2 months of distributions.
I did BTW sell out about 10% of my wrk holdings, sionce the offer,The rest will become Dundee.