Post by
BoldForbes on Nov 27, 2017 8:13am
Voted For Transaction
By now you should have received your proxy. I believe I received my proxy last week and I did vote, in line with my posts, in favor of the transaction.
Just as Mr. Beaty, I plan on holding my new shares in Innergex (INE) for the long-term. INE seems (at first glance) to be disciplined. I don't see many of AXY's board members (only 1 gets invited anyway) surviving and I am not certian many of AXY's management team will be around for the long-term (styles appear to be different - culture).
I will re-adjust my INE target for the AXY price targets I had, but I get over an 8% dividend yield (on my cost basis) while I wait.
I encourage you to exercise your right to vote as well.
Bold Forbes
Comment by
SimplyRunRig on Nov 28, 2017 5:58pm
I voted to sell. But does anyone know what happens to any fractional shares in the 1 to 0.5563 share conversion? Under my current holdings, I'll have about 0.8 of a share hanging...will it convert to cash, or an actual fraction of a share? If I buy about 150 more shares, I'll only have about 0.01 of a share left over in the conversion. I might do that anyway...
Comment by
RDK241t on Nov 28, 2017 9:12pm
What will be the process for opting to take 1: all shares in Innergex or 2: split between shares and cash will there be an on-line form to fill out?
Comment by
Newstock44 on Dec 18, 2017 9:47am
BF I would say about half but thought there might have been another deal, guess I was thinking they were just about to explode and thought 8.25 was too low, the stock was trading at 7.20 less than a year ago and thought things were looking real good, I have excepted the new version of Axy and realize .5563 may get a bit better next year and yes I will be getting the dividend cheers. 44