RE:Notification?Goodness knows, guess we'll have to email our banks reorg departments and ask. Didn't receive anything, as in a proxy, for my TFSA account, only my cash account , so what happens there I wonder.
And even the record date is still not clear to me as we only got approval today. The " Old " GBR shares are still trading today while the " New " GBR shares start trading tomorrow so if the Old GBR shares hold the Spinco while the New ones don't and I buy the Old shares today then shouldn't I get the Spinco ?
Why would they create a " New " GBR vs. an " Old " GBR if not to differentiate them with one having the right to a spinco share vs. the other one not.
In the good old days when some people actually took delivery of their stock certs you would have to issue new certs to differenciate the rights held by one vs. the other and that's why they have done it here, because I think buying todays Old GBR still gives you the spinco.
Again this is why the Co. should be specific and actually state unequivically when it goes ex dividend/spinco and it should have stated that today. Just like the Banks etc. who actually tell you !
diabase1 wrote: Since Spinco will not be trading, how will we be notified how many new Spinco shares we will receive? Thanks.