OTCPK:NNDIF - Post by User
Comment by
Scotch12on Jan 22, 2023 7:40pm
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Post# 35238904
RE:Vote calculation
RE:Vote calculationI interpreted the PR to mean that, we just need a simple majority, or 50% of the non- Glencore unit holders who actually vote. Not 50% of the outstanding non Glencore shares. Anyone else have a different view?
It states in the press release, "(ii) a simple majority of the votes cast by holders of the fund's priority units and special fund units after excluding votes from certain unitholders, including Glencore."
It is less important but in the PR regarding the purchase it states, "Unitholders as at the close of business on Jan. 9, 2023, will be entitled to vote at the meeting." I interpret that to mean you could still vote even if you sold your shares after that date. Kind of like ex-dividend dates.
https://www.stockwatch.com/News/Item/Z-C!NIF-3350778/C/NIF