GREY:VFGGF - Post by User
Comment by
louelon Apr 23, 2015 10:50pm
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Post# 23659797
RE:Need advice with this
RE:Need advice with this
Look in your broker acct. You receive 8 rights for each VHO share held. My rights are already in my acct. You have 4 avenues to choose from concerning the rights. Before May 15th 2015
1) Have your broker Exercise them. That costs 25 cents each, It turns them into additional common shares worth what ever the share price is. Then you can choose to keep them, or sell the shares just as you would the ones you already own.
2) You can put the rights up for sale. Just like shares. You collect something for them depending on what the share price is at the time.
3) You can just let them expire (Not recomended) as then you get nothing at all for them.
4) If you have more rights than you wish to fork out the money to exercise. Then sell off enough to pay for exercising the remainder.
There is usually an over allottment. If you choose to exercise all rights your self. The broker will ask if you wish to put in for additional rights if they become available.
Hope this helps. I've been through this before on other stocks.