Been holding 4000 shares of DFN for a couple years now that I set up strictly for the dividend and I just recieved this letter from my investment group regarding "retraction privilege". There are 3 options, the third being self explanatory. The first 2 options are out of my realm when it comes to split share investing. Any help in this would be much appreciated...for reference my average share price is at $7.34 CAD
Cheers
| DIVIDEND 15 SPLIT CORP CLASS A SHARES & PREFERRED SHARES - ANNUAL CONCURRENT RETRACTION PRIVILEGE |
Instructions must be submitted under both events
Option 1: Annual Concurrent Retraction (Consent to Resale) (Tender equal amount of Class A Shares & Preferred Shares)
To receive an amount equal to the proceeds of the sale of such shares less any applicable commission. Such amount will not be less than the applicable Preferred Share Retraction Price or the Class A Share Retraction Price, as the case may be.
Option 2: Annual Concurrent Retraction (Withhold Consent) (Tender equal amount of Class A Shares & Preferred Shares)
To receive an amount equal to the Net Asset Value per Unit calculated as of the Retraction Date, less any related commissions and other costs (to a maximum of 1% of the Net Asset Value per Unit).
Option 99: Take No Action (Default)
Holder to retain security.
| DIVIDEND 15 SPLIT CORP CLASS A SHARES & PREFERRED SHARES - ANNUAL CONCURRENT RETRACTION PRIVILEGE |