TSX:IBG.DB.E - Post by User
Comment by
nkbourbakion Dec 03, 2015 8:19am
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Post# 24349652
RE:Subscribing to remaining rights shares.
RE:Subscribing to remaining rights shares.Calgaryrider wrote: Just to be clear, if one subscribes for REmaining Rights shares (ie more than those you have rights for), you could potentially only have to pay $1.60 per unit and rights are not necessary.?
This is my understanding. Given recent trading levels it would be surprising if there were a lot of rights shares remaining, but people who aren't paying attention do sometimes leave money on the table. Those shares will be distributed pro-rata at $1.60 each to holders who exercised all their rights and subscribed for more. (And, as you know, the partnership has committed to gobble up everything available to them.)