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Bullboard - Stock Discussion Forum Traxion Sab De Cv Ord Shs GRPOF

Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support... see more

PINL:GRPOF - Post Discussion

Traxion Sab De Cv Ord Shs > Dividends in Kind update
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Post by 1mattman on Sep 14, 2018 12:31pm

Dividends in Kind update

According to RBC and my broker, Northbud shares could take 3-5 business days to be distributed to the agents and 1-2 business days to be distributed to the individual beneficiaries.  Aka, shareholders of TBP as of ..... you get the picture.  So, some people may receive their shares early as some companies are efficient but only if a shareholder has not received shares by next Friday, should a shareholder begin to worried.

also, I mentioned some people have their shares already and some received cash and the reply was,

“there is always risk of errors.  These dividends  are dividends in kind and should be that unless otherwise negotiated.”

Hope this information helps.  

MJ
Comment by Jpzee1 on Sep 14, 2018 12:59pm
Thanks for the info. Not sure why all this panic about dividends. Sheesh. We know things take business days and such. Anyway, just relax a bit everyone.
Comment by Cheffrodong on Sep 14, 2018 1:04pm
This post has been removed in accordance with Community Policy
Comment by Jpzee1 on Sep 14, 2018 1:53pm
We all know big pullbacks have happened with every company. Cash on hand will help on these days. I dam well know I’m going to be more prepared for hopefully another large dip :) Go Tetra Go . I can’t wait for lives to be changed with their products.(plural) as per Leaf Rider!!!!!!
Comment by Cheffrodong on Sep 14, 2018 1:23pm
This post has been removed in accordance with Community Policy
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