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GMP Capital Inc. Cumulative Floating Rate Preferre T.GMP.PR.C



TSX:GMP.PR.C - Post by User

Comment by SamRothsteinon Nov 20, 2020 12:52am
153 Views
Post# 31938853

RE:RE:RE:Confused...

RE:RE:RE:Confused...It depends on your cost bais per share, and whether you tendered all your shares are not.   If your cost basis is less than $2.42, and you tendered all your shares, then your profit is the amount below $2.42 that you paid for your sahres, times the number of shares you own, times 39%.
So if you paid $2.00 per share, and you tendered all your shares, and lets pretend you own 1,000 shares, then you would make $.042 times 1,000 shares which equals $420 profit, times 39% equals $163.80 profit (plus of course the return of your $2.00 per share, times 1,000 shares, so $2,000).  and you would still own 61% of your shares.     I hope that makes sense.   
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